From the following balance sheets, you are to draft a consolidated balance sheet for the group of Parent Ltd and its two subsidiaries, Sub 1 and Sub 2 Investment in Sub 1 45,000 shares bought 31 12 20X3 Fixed assets Current assets Share capital Profit and loss As at 31 12 20X3 Add Profit for 20X4 P...

To produce a consolidated balance sheet we need to combine the balance sheets of the parent company and its two subsidiaries We also need to eliminate ...

From the following balance sheets, you are to draft a consolidated balance sheet for the group of

Question:

From the following balance sheets, you are to draft a consolidated balance sheet for the group of Parent Ltd and its two subsidiaries, Sub 1 and Sub 2.