000001 FINANCIAL ACCOU > Assessment > 5SSMN235 Mid Term 20-21 Question 1 Not yet answered Marked out of 2 F Flag question North Ltd acquired 25% of the equity voting shares of South Ltd on 1 January 2004. The total equity voting shares consisted of 1,000,000 shares of 1 each nominal value. The price paid by North Ltd was 2 per share. On 1 January 2004 there was a credit balance 356,000 on the reserves of South. The retained earnings of South at 31 December 2004 were 424,000. Which of the following figures would appear in the consolidated statement of financial position at 31 December 2004 in respect of the investment in South? O a, 500,000 b. 924,000 O c.568,000 d. 517,000 000001 FINANCIAL ACCOU > Assessment > 5SSMN235 Mid Term 20-21 Question 1 Not yet answered Marked out of 2 F Flag question North Ltd acquired 25% of the equity voting shares of South Ltd on 1 January 2004. The total equity voting shares consisted of 1,000,000 shares of 1 each nominal value. The price paid by North Ltd was 2 per share. On 1 January 2004 there was a credit balance 356,000 on the reserves of South. The retained earnings of South at 31 December 2004 were 424,000. Which of the following figures would appear in the consolidated statement of financial position at 31 December 2004 in respect of the investment in South? O a, 500,000 b. 924,000 O c.568,000 d. 517,000