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A Ltd + (B Ltd + C Ltd) (f) Dr Ordinary share capital (B) 80 Dr Beginning retained profits * 128 Dr Land 40 Dr
A Ltd + (B Ltd + C Ltd) (f) Dr Ordinary share capital (B) 80 Dr Beginning retained profits * 128 Dr Land 40 Dr Goodwill on consolidation 84 Cr Provision for litigation loss 32 Cr Investment in B Ltd 300 (to eliminate investment account) *80% x (100 + 12 + 8 + 80% x (130-80))
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
