Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hello, this is a training for my IFRS exam coming in a week, can you help me out because I don't understand the teachers correction
Hello, this is a training for my IFRS exam coming in a week, can you help me out because I don't understand the teachers correction
(b) The balance sheet for Pharma plc on Dec 31st 2000 is in the following table: Balance sheet for Pharma plc on Dec 31" 2000 Asset Liabilities Cash 1,000,000 Accounts payable 100.000 Accounts receivable 500,000 Long-term debt 1.800.000 Other non-current asset 700,000 Equity Fixed asset 2,300,000 Share capital 3,200,000 Invest in Vac 1,500,000 Retained earnings 900.000 Total Asset 6,000,000 Total liabilities and 6,000,000 equity There is no intra-group transaction between the two companies. Vac's assets and liability information on Dec 31" is the same as on Dec 1st Fill in the following consolidated balance sheet for Pharma plc on Dec 31 2000 Consolidated Balance sheet on Dec 31 2000 Asset Liabilities Cash Accounts payable Accounts receivable Long-term debt Other noncurrent asset Fixed asset Equity inventory Share capital brand Retained earnings Goodwill Minority interest Total Asset Total liabilities and equityStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started