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1.4 Define holding and subsidiary companies? H (ltd) Acquires all the shares of S (ltd) on march 31 2019 the date the balance sheet of
1.4 Define holding and subsidiary companies? H (ltd) Acquires all the shares of S (ltd) on march 31 2019 the date the balance sheet of the two companies. Amount 31 march 2019 H (td) S (ltd) Equity and liabilities Share capital 500000 200000 Reserves & Surplus 100000 Current Liabilities Trade Payable 80000 60000 ERR Total 680000 260000 Assets Sundry assets 480000 260000 Non-Current assets 200000 Total 680000 260000 www.nu Required: Consolidated balance sheet of H (ltd) and its subsidiary S(Itd)
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
15th edition
978-0077522940
