Molde

Co acquired 95% of the issued share capital of Blacke Co in the middle of its financial year on 30 June 20X1 by way of a share for share exchange.

The profits before tax of the two companies for the year ended 31 December 20X1 as reported in their individual statements of profit or loss are: Molde Co 200,000 Blacke Co 150,000

In the consolidated statement of profit or loss for the year ended 31 December 20X1, what is profit before tax?

Question 14. Nolde Co acquired 95% of the issued share capital of Blacke Co in the middle of its financial year on 30 June 20x3 by way of a share for share exchange. The profits before tax of the two companies for the year ended 31 December 20X1 as reported in their individual staternents of profit or 1058 are: Molde Oo E200,000 Blacke Co els0,000 in the consolidated statement of profit or loss for the year ended 31 December 20X1. what is profit before tax? ve e 271 250 @ 275,000 342,500 350,000 Note: You will be able to review any of your answers on a summary sheeran che end of the assessment. To highlight