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I need the answer as soon as possible The statements of financial position H, S and T as at 31 December 2007 were as follows:
I need the answer as soon as possible
The statements of financial position H, S and T as at 31 December 2007 were as follows: Assets: H(Rs.) S(Rs.) T(Rs.) Investment in s 5,000 Investment in T 750 Other assets 11,900 6,000 1,500 16,900 6,750 1,500 Equity Share capital 10,000 3,000 300 Retained profits 4,900 2,750 Liabilities 2,000 1,000 500 16,900 6,750 1,500 700 H acquired its 80% investment in S on 1 January 20x7. S acquired its 60% investment in T on 1 January 20X4. At the dates of the share purchases, the following information is available: Retained Retained Date profits of S profits of T 1 January 20X4 2,000 500 1 January 20X7 2,300 650 Required Prepare the consolidated statement of financial position for the H Group as at 31 December 20X7Step by Step Solution
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