A Draw up a consolidated balance sheet from the balance sheets of P Ltd and S Ltd that were drafted immediately the shares in S Ltd were acquired by P Ltd P Balance Sheet Investment in S Ltd 63,000 shares Fixed assets 50,000 18,000 Stock Debtors 5,000 4,000 Bank 3,000 80,000 Share capital 80,000 80...

The Answer is in the image, click to view ...

A Draw up a consolidated balance sheet from the balance sheets of P Ltd and S Ltd

Question:

A Draw up a consolidated balance sheet from the balance sheets of P Ltd and S Ltd that were drafted immediately the shares in S Ltd were acquired by P Ltd. image text in transcribed

Step by Step Answer:

Related Book For book-img-for-question

ISE Business Accounting

ISBN: 9780273638407

8th Edition

Authors: Frank Wood, Alan Sangster

See More Books

Question Posted: May 23, 2024 02:00 AM

See More Questions

Draw up a consolidated balance sheet from the balance sheets of Parental Ltd and Sibling Ltd that were drafted immediately after the shares in S Ltd were acquired by P Ltd. Parental Balance Sheet...
You are to draw up a consolidated balance sheet from the following balance sheets of P Ltd and S Ltd which were drawn up immediately P Ltd had acquired the shares in S Ltd. Investment in S Ltd: 3,000...
The following are the summarised balance sheets of P Ltd and S Ltd at 31 December 20X6. There were no additions or disposals of fixed assets by the group during the year. (b) P Limited acquired its...
Show the income statement, cash flow statement and balance sheet of the company at 31/12/2020 if: 1. The company start its operations on June 1st, 2020. Over the period, it sells 50 laptop for $400....
Show how you would synthesize octan-2-one from each compound. You may use any necessary reagents. (a) Heptanal (b) Oct-1-yne (c) 2, 3-dimethylnon-2-ene (d) Octan-2-ol (e) Heptanoic acid (f)...
According to a study by Nielsen Mobile, Teenagers ages 13 to 17 are by far the most prolific texters, sending 1742 messages a month. Mr. Williams, a high school statistics teacher, was skeptical...
5 Qu mtodos recomendara para evaluar el posible xito comercial de los nuevos productos siguientes?: a) una nueva salsa de tomate mejorada, b) un sistema de televisor tridimensional en cuyo desarrollo...
Journalize the following transactions in the accounts of Champion Medical Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables: Jan. 19....
Accounting Principles Homework Problems Chapter 15 1. Below are three different lease transactions that occurred for Hollman Corporation in 2020. Assume that all lease contracts start on January 1,...
P Ltd acquires 60 per cent of the shares in S Ltd. Balance sheets are then drafted immediately. You are to draw up the consolidated balance sheet. Investment in S Ltd: 1,200 shares Fixed assets Stock...
A P Ltd acquires all the shares in Ltd and then the following balance sheets are drawn up. You are to draw up a consolidated balance sheet. Investment in S Ltd Fixed assets Stock Debtors Bank Share...
A building was purchased for $100,000 on January 1, 2008. It was estimated to have no salvage value and to have an estimated useful life of 20 years. On January 1, 2013, the estimated useful life was...
At 3 1 st March, 2 0 2 3 , AB Ltd , had an Authorized Capital of K 3 5 , 0 0 0 divided into 1 0 , 0 0 0 7 . 5 % noncumulative per share being due on 3 0 th June, 1 9 6 4 . per share paid, the...
A Leadership and Workforce Development Perspective. The literature review should discuss the related literature, organized by topic or themes (not a list of sources). A literature review includes...
Critical Success Factors (CSF) are elements that are necessary for an organization or a project to attain its objectives. For example, Chief Executive support is a CSF for corporate sustainability...
Ultra Ceramic Products presented the following data for its operations for the month of October, 2020: Dept 1 Work in process, July t. 1(Conversion costs, 60%) 7,000 units Transferred to Dept 2 Work...
Choose a global organizational leader who demonstrated how a high level of ethical communication via social media technologies have worked best at building trust with virtual stakeholders. Identify a...
Sparkle Savings Association has interest-sensitive assets of $400 million, interest-sensitive liabilities of $325 million, and total assets of $500 million. What is the banks dollar...
When an electric field is applied to a shallow bath of vegetable oil, why do tiny bits of thread floating in the oil align with the field like compasses in a magnetic field?
Marie Forleo, a marketing trainer and host of MarieTV, presents the eight tips for genuine networking. Do you agree or disagree with her suggestions? Discuss how this information is useful to you and...
Identify all relevant costs or revenue that are applicable to production- constrained decisions 1. Contributions margin of product 2. Interference with other production 3. Contribution margin per...
Gammaro Compary manufactures wallets from fabric. In 2 0 1 9 , Gammaro made 2 , 1 5 0 , 0 0 0 wallets using 1 , 2 5 0 , 0 0 0 yards of fabric. In 2 0 1 9 , Gammaro has capacity to make 2 , 8 0 0 , 0...

A Draw up a consolidated balance sheet from the balance sheets of P Ltd and S Ltd

Question:

P Balance Sheet Investment in S Ltd: 63,000 shares Fixed assets 50,000 18,000 Stock Debtors 5,000 4,000 Bank 3,000 80,000 Share capital 80,000 80,000 S Balance Sheet Fixed assets Stock Debtors Bank Share capital 48,000 6,000 5,000 4,000 63,000 63,000 63,000

Step by Step Answer:

This question has not been answered yet.

ISE Business Accounting

Students also viewed these Business questions