Explain the difference between the consolidated retained profits figure of 132 and the total of 144 found
Question:
Explain the difference between the consolidated retained profits figure of £132 and the total of £144 found if you add together the profits for the year of P2 Ltd and S2 Ltd.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
The difference of 12 com...View the full answer
Answered By
Omar ELmoursi
I'm Omar, I have Bachelor degree in Business and Finance, My unique approach is to help students with questions and assignments, I can teach Business, Math, Accounting, Managerial Accounting, Economy, Human resources management, organizational behavior, project management, I have experience dealing with different types of students and teach them how to deal with different types of exercises.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
Explain the difference between the consolidated retained profits figure of 83 and the total of 109 found if you add together the retained profits of P2 Ltd and S2 Ltd.
-
Splash plc has a number of subsidiaries, one of which, Muck Ltd, was acquired during the year ended 31 December 2009. The draft consolidated financial statements for the year ended 31 December 2009...
-
Separate company and consolidated financial statements for Pop Corporation and its only subsidiary, Sal Corporation, for 2012 are summarized here. Pop acquired its interest in Sal on January 1, 2011,...
-
Describe the three cases to consider when determining if a cost allocation is beneficial.
-
Give three examples of access control in a POS system.
-
What growth strategies are most suitable for the PEC wine industry?
-
Experimental Group In order to conduct an experiment, 4 subjects are randomly selected from a group of 20 subjects. How many different groups of four subjects are possible?
-
Derive the nodal finite-difference equations for the following configurations. (a) Node m, n on a diagonal boundary subjected to convection with a fluid at T and a heat transfer coefficient h. Assume...
-
Exceptional Electronics began operations September 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 7 percent sales tax. The terms for all sales on credit...
-
(a) For each of the following, state three reasons why a firm may wish to keep: (i) A minimum inventory level of finished goods, and (ii) An even level of production in the face of fluctuating...
-
What is e-commerce?
-
A 4-in plastic ball valve carries 600 gal/min of water at 120F. Compute the expected pressure drop across the valve.
-
TST102 Fundamentals of Test Evaluation Lesson 17 - Assignment Assignment 1: Developmental Test Planning You are designing a developmental test to verify that the SRAW safe-arm device (SAD) arms the...
-
The Mariana snailfish (see the photo) holds the record for the world's deepest living fish. The snailfish has been found in the Mariana Trench at a depth of 26 500 feet below the water's surface. (a)...
-
A soil sample was taken from a proposed cut area in a highway construction project and sent to a soils laboratory for a compaction test, using the Standard Proctor compaction procedure. Results of...
-
Sarah agrees to sing at Joe and Sandra's June wedding and signs a contract. In April, Sarah is invited to be the top billed singer and entertainer for Carnival Cruises. It is a 2 year contract that...
-
P = 7 kN, w = 12 KN/m and angle is 32 deg Equilibrium and support reactions for beams and frames Question 2a [25 marks] Show that the following beam is statically determinate. Determine the external...
-
The bookkeeper of Triad Co. gathered the following data from individual employee earnings records and daily time cards. Your task is to complete a payroll register on August 8. Assume the following:...
-
7 A 29-year-old, previously healthy man suddenly collapses at a party where legal and illicit drugs are being used. Enroute to the hospital, he requires resuscitation with defibrillation to establish...
-
Assuming an interest rate of 6 per cent, what is the net present value of the net of tax cash flows in Question 46.2 for 20X4, 20X5, 20X6 and 20X7? Data from Question 46.2 Assume the company in...
-
Assume the company in Question 46.1 pays tax at 30 per cent, on 30 September each year, nine months after the end of its financial period. The company receives 20 per cent writing-down allowances on...
-
If you had 5,000 to spend today and had the choice of investing it in a five year bond with a bank, or lending it to a friend who had just opened a restaurant and who offered you 10 per cent of the...
-
What is the Macaulay duration of a bond with a coupon of 6.6 percent, seven years to maturity, and a current price of $1,069.40? What is the modified duration? (Do not round intermediate...
-
"Tell me something you know today that you did not know yesterday" about 3D Animation Justify by citing 2 or more resources from this course.
-
Warrants exercisable at $20 each to obtain 50,000 shares of common stock were outstanding during a period when the average market price of the common stock was $25. Application of the treasury stock...
Study smarter with the SolutionInn App