Question
Intel Corporation Balance Sheet as at 31 December 2049 $ $ Non-current assets Investment in subsidiary: - 920,000 shares bought 1.1.2049 1,380,000 Other non-current assets
Intel Corporation Balance Sheet as at 31 December 2049
$ | $ | |
Non-current assets | ||
Investment in subsidiary: | ||
- 920,000 shares bought 1.1.2049 | 1,380,000 | |
Other non-current assets | 2,300,000 | |
Current assets | 445,000 | 4,125,000 |
Share capital | 2,300,000 | |
Retained profits | ||
As at 1.1.2049 | 455,000 | |
Add Profit for year to 31.12.2049 | 465,000 | 920,000 |
Suspense | 905,000 | |
Total | 4,125,000 |
Mobileye Balance Sheet as at 31 December 2049
$ | $ | |
Non-current assets | 930,000 | |
Current assets | 900,000 | |
Share capital | 460,000 | |
Retained profits | ||
As at 1.1.2049 | 440,000 | |
Add Profit for year to 31.12.2049 | 435,000 | 875,000 |
Total | 1,830,000 |
Required:
- Create the consolidated balance sheet as at 31 December 2049.
- Resolve any issues in the suspense account.
- Ensure proper adjustments for inter-company transactions.
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