Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Caf Au Lait Ltd acquires 100% of the shares of Dahlia Ltd in 6 July 20x2 for a cash payment of $3,500,000. In the financial

Caf Au Lait Ltd acquires 100% of the shares of Dahlia Ltd in 6 July 20x2 for a cash payment of $3,500,000. In the financial year ended June 20X5, the following transactions occurred: Caf Au Lait Ltd provides management service worth $25,000 to Dahlia Ltd. The invoice has been sent but the payment is not settled yet. Caf Au Lait Ltd extends a loan of $1,000,000 to Dahlia Ltd in March 20X5, with interest rate of 6% per annum Caf Au Lait Ltd records a total revenue of $250,000 for the year Fill in the blank. DOT NOT include commas and dollar sign ($) in your answer. Present $1,000 as 1000. Required: Based on the information provided above, please fill the table below: The amount of revenue contributed to the group by Caf Au Lait Ltd is: ____________$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Food And Beverage Cost Control

Authors: Lea R. Dopson, David K. Hayes

6th Edition

1118988493, 978-1118988497

More Books

Students also viewed these Accounting questions