Draw up a consolidated balance sheet as at 31 December 2007 from the following: At the balance

Question:

Draw up a consolidated balance sheet as at 31 December 2007 from the following:

image text in transcribed

At the balance sheet date, Child owes Parent £3,200.
During the year Parent sold goods which had cost £6,000 to Child for £9,600. One quarter of these goods had been sold by Child by the balance sheet date.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Accounting Uk Gaap Volume 2

ISBN: 9780273718802

1st Edition

Authors: Alan Sangster, Frank Wood

See More Books

Question Posted: May 24, 2024 09:10 AM

See More Questions

You are to draw up a consolidated balance sheet as at 31 December 20X5 from the following: At the balance sheet date, Son 1 owed Pa and Mum 2,500 and Son 2 1,100, and Pa and Mum owed Son 2 2,100. Pa...
You are to draw up a consolidated balance sheet as at 31 December 2005 from the following: At the balance sheet date, Son 1 owed Pa and Mum 2,500 and Son 2 1,100, and Pa and Mum owed Son 2 2,100. Pa...
A You are to draw up a consolidated balance sheet as at 31 December $19 \times 3$ from the following: At the balance sheet date S1 owed P $ 2,000$ and S2 $ 500$, and P owed S2 $ 1,800$. P had...
(You can use other websites for this question) The Chicago Bulls realize that they've sucked since the 90s because they have relied on one start player for too long (Jordan, Rose), and that Machine...
Refer to the IQ distribution of Exercise 4.S.12. Suppose five children are to be chosen at random from the population. Find the probability that exactly one of them will have an IQ score of 80 or...
Take a step back in time and imagine Apple in its infancy as a company. The year is 1976, and Steve Wozniak, Steve Jobs, and Ron Wayne are the organizing partners. Required 1. Read the history of...
True or false: Ensemble models using voting or propensity averaging do not perform well with misclassification costs.
How might (a) Seasonal factors and (b) Different growth rates distort a comparative ratio analysis? Give some examples. How might these problems be alleviated?
On July 1, Bahama Excursions issues a $200,000, elght-month, 7% note. Interest is payable at maturity. What is the amount of interest expense that the company would record in a year-end adjusting...
Prepare a consolidated balance sheet from the following details as at 31 March 2003. At the balance sheet date, Filho B owed Filho A 3,000 and Pops for Filhos owed Filho B 2,000. During the year,...
Prepare a consolidated balance sheet from the following details as at 31 March 2006. During the year, Pa sold goods which had cost 1,900 to Daughter for 2,800. None of these goods had been sold by...
Describe how each of the following will affect the supply of personal computers: (a) A rise in wage rates; (b) An increase in the number of sellers of computers; (c) A tax placed on production of...
Provide the firm name and web page. Does this firm provide highly specialized skills or generic skills? What client need does this firm specialize in? Which phase in the change lifecycle does the...
Provide a specific prompting strategies for each number (trainer action) it may be pictorial, written, gestural, modeling, material, verbal or manual explain briefly using the hierarchy or prompting...
When Loreen was planning a Caribbean cruise, she decides to purchase all her souvenirs in the Bahamas because the exchange rate would be to her benefit. This means Multiple Choice the currency in the...
Here is a list of phobias. Match each of the phobias to one of the 15 statements following the list. Type the letter attached to each phobia you choose next to each statement. The list below contains...
A B C D E 1 2 3 4 5 6 7 8 9 10 Kevin, a calendar-year taxpayer, utilizes the cash method of accounting for his small business, which provides various consulting expertise to the railroad industry. At...
On August 15, you purchased 100 shares of stock in the Cara Cotton Company at $65 a share and a year later you sold it for $61 a share. During the year, you received dividends of $3 a share. Compute...
Prove the following D,(cos x) = - sin x (Hint: Apply the identity cos(A + B) = cos A cos B sin A sin B)
assume that we have only two following risk assets (stock 1&2) in the market. stock 1 - E(r) = 20%, std 20% stock 2- E(r) = 10%, std 20% the correlation coefficient between stock 1 and 2 is 0. and...
Flexible manufacturing places new demands on the management accounting information system and how performance is evaluated. In response, a company should a. institute practices that reduce switching...
Revenue and expense items and components of other comprehensive income can be reported in the statement of shareholders' equity using: U.S. GAAP. IFRS. Both U.S. GAAP and IFRS. Neither U.S. GAAP nor...

Draw up a consolidated balance sheet as at 31 December 2007 from the following: At the balance

Question:

Step by Step Answer:

Business Accounting Uk Gaap Volume 2

Students also viewed these Business questions