The following are the statements of financial positions of Wood plc and Stone plc as at 1
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The following are the statements of financial positions of Wood plc and Stone plc as at 1 May 20X0:
Wood plc purchased 80 per cent of the equity shares of Stone plc on 1 May 20X0 at a price of £4,800,000. The assets and liabilities of Stone plc are shown in its financial statements at what are agreed to be appropriate fair values.
Required
Prepare a consolidated statement of financial position as at 1 May 20X0.
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Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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