answer

Current accounts and cash in transit Draf SFPs of Plant acd Strub on 31 March 2a7 are as foliows utatement of finasciai position Motest - Plant bought 80.000 shares in Shrub in 201 when Shrabis. reserves included a share prernium of 530.000 and retained protes of $5,000 - Planf's accourts show 56.000 owng to Shtub. Shrubly accourts show \$8,000 owed by Plant. The difference is exglained as cash in transit. - No impairment of goodwil has occurred to date - Plant uses the proportion of net assets method to value the nos poctroling interest. Prepare a consolidated stakement of fraveisel position as at 3t March 207