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Alexander bought 37,500 shares in B several years ago when B had a negative balance on revenue reserve of 3000. During the year 30/06/X1, Alexander
Alexander bought 37,500 shares in B several years ago when B had a negative balance on revenue reserve of 3000. During the year 30/06/X1, Alexander bought a machine from B for 5000, which yielded a profit for B of 30% on selling price. Depreciation has been charged in the accounts at 20% on cost. B bought goods from Alexander, giving Alexander gross profit on invoice price of 33%. On 30/06/X1, B's stock included an amount of 8000 for goods bought from Alexander for 9000. The respective balance sheets of Alexander, and B are shown below in 000. Prepare a consolidated Balance Sheet of Alexander Group as at 30/06/XI. Alexander B Cost Depn NBV Cost Depn NBV FA 108 20 88 64 32 32 P&M 65 25 40 43 29 14 128 46 Inv in B 35 Stock 25 27 Detors 48 21 Bank 22 6 95 54 Crs
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