The following statements of financial position were drawn up immediately after Dad Ltd had acquired control of
Question:
The following statements of financial position were drawn up immediately after Dad Ltd had acquired control of Son Ltd. You are to draw up a consolidated statement of financial position.
Transcribed Image Text:
Dad Statement of Financial Position Investment in Son Ltd: 1,600 Ordinary £1 shares Inventory Bank Share capital - £1 Ordinary shares Inventory Bank Son Statement of Financial Position Share capital - £1 Ordinary shares £ 3,600 1,500 900 6,000 6,000 £ 1,200 400 1,600 1,600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Heres the consolidated statement of financial position Consolidated Statement of Fina...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00
0 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
-
Immediately after Parental Acquisition Ltd had acquired control of Daughter One Ltd and Daughter Two Ltd the following statements of financial position were drawn up. You are to draw up a...
-
Immediately after Pop and Family Ltd had acquired control of Twin One Ltd and Twin Two Ltd the following statements of financial position were drawn up. You are to draw up a consolidated statement of...
-
The following balance sheets were drawn up immediately after Pop Ltd had acquired control of Son Ltd. You are to draw up a consolidated balance sheet. Pop Balance Sheet Investment in Son Ltd: 1,600...
-
finish this The five components, which are scope, references, configuration item, baseline, and verification, are vital to ensure the configuration management plan establishes control, ensures...
-
(7.5%) Bentz Co. has two divisions, A and B. Invested assets and condensed income statement data for each division for the past year ended December 31 are as follows Division A Division B Revenues...
-
Do you see yourself as primarily a type A or type B person? Discuss the reasons for your choice. Make a list of your five main type A characteristics and five main type B characteristics. lop5
-
Explain the value of direct marketing for consumers and sellers.
-
Suppose two batteries, with unequal emfs of 2.00 V and 3.00 V, are connected as shown in Fig. 19-51. If each internal resistance is r = 0.100 , and R = 4.00, what is the voltage across the resistor...
-
AUDITING 2 ASSIGNMENT 1 QUESTION 1 MARS You are a member of the team on the audit of Tapp Tapp (Pty) Ltd, a company which supplies plumbing requisites (baths, basins, pipes, joints, etc) to plumbing...
-
Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first...
-
Prepare a consolidated statement of financial position from the following statements of financial position of Pop Ltd and Junior Ltd which were drawn up immediately after Pop Ltd had acquired the...
-
How should unincorporated subsidiaries be treated when preparing consolidated financial statements?
-
Amazon.com closed its Irvine, Texas center because of a dispute with the Texas state comptroller over $ 269 million that the controller says Amazon owes to the state in sales taxes for goods shipped...
-
How would applying the core values and concepts of the Baldrige Performance Excellence Framework improve healthcare quality?
-
1. How does kaizen differ from a kaizen event? 2. What is the Deming Cycle? Explain the activities that make up each step.
-
3. Implement F (X,Y,Z) = XY'ZYZ' by using a) Only one 8-to-1 MUX. b) Only one 4-to-1 MUX. 4. Realize (a,b,c,d) = m(0, 4, 5, 9, 13, 14, 15) with a 8-to-1 Mux. a) Consider a, b, c as selection lines...
-
1.Pink describes several "frames" including: The Less Frame, The Experience Frame, The Label Frame, The Blemished Frame, The Potential Frame. Which frame is your favorite? Why? Give a specific...
-
Rise of the hackers essay prompt question Do you think you might be vulnerable to the social engineering attack that hackers used against Matt in the video?
-
Modern medical practice tells us not to encourage babies to become too fat. Is there a positive correlation between the weight x of a 1-year-old baby and the weight y of the mature adult (30 years...
-
Identify one local business that uses a perpetual inventory system and another that uses a periodic system. Interview an individual in each organization who is familiar with the inventory system and...
-
M. Lamb is going to set up a new business on 1 April 20X5. She estimates that her first six months in business will be as follows: (i) She will put 60,000 into a bank account for the business on 1...
-
F. Tain is opening his first boutique on 1 July 20X2. He is investing 30,000 as capital. His plans are as follows: (i) On 1 July 20X2 to buy and pay for premises 60,000; shop fixtures 4,000; motor...
-
What is it that you learnt about earlier in this book which involved all the functional areas and departments across the organisation that needs to be right if appropriate budgets are to be agreed?
-
Berbice Inc. has a new project, and you were recruitment to perform their sensitivity analysis based on the estimates of done by their engineering department (there are no taxes): Pessimistic Most...
-
#3) Seven years ago, Crane Corporation issued 20-year bonds that had a $1,000 face value, paid interest annually, and had a coupon rate of 8 percent. If the market rate of interest is 4.0 percent...
-
I have a portfolio of two stocks. The weights are 60% and 40% respectively, the volatilities are both 20%, while the correlation of returns is 100%. The volatility of my portfolio is A. 4% B. 14.4%...
Study smarter with the SolutionInn App