A After Pop and Mum Ltd acquired 75% of the shares of Sons and Cousins Ltd the
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A After Pop and Mum Ltd acquired 75% of the shares of Sons and Cousins Ltd the following statements of financial position are drawn up. You are to draw up the consolidated statement of financial position. Pop and Mum Statement of Financial Position Investments in Sons and Cousins Ltd: 15,000 Ordinary 1 shares 18,000 Non-current assets 45,000 Inventory Accounts receivable Bank 8,000 13,000 6,000 90,000 Share capital - Ordinary shares of 10p each 90,000 S Statement of Financial Position Non-current assets Inventory Accounts receivable Bank Share capital - Ordinary 1 shares 12,000 3,000 4,000 1,000 20,000 20,000
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273767923
12th Edition
Authors: Frank Wood, Ph.D. Sangster, Alan
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