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Hi. I need help for question 12 from Chapter 26. Big Company owns all the issued capital of Small Company. Big Company acquires its 100
Hi. I need help for question 12 from Chapter 26.
Big Company owns all the issued capital of Small Company. Big Company acquires its 100 per cent interest in Small Company on 1 July 2014 for a cost of \$2000. All assets are fairly stated at acquisition date. The share capital and reserves of Small Company on the date of acquisition are: The reconciliation of retained earnings and statement of financial positions of Big Company and Small Company, as at 30 June 2015 , are as follows: REQUIRED Provide the consolidated statement of comprehensive income, statement of financial position and statement of changes in equity for Big Company and its controlled entity for the year ending 30 June 2015. LO 28.2Step by Step Solution
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