Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Multi plc acquired 8 0 % of share capital of Focus Inc on 3 0 / 0 6 / 2 0 X 2 . Revenue

Multi plc acquired 80% of share capital of Focus Inc on 30/06/20X2. Revenue of Multi plc and Focus Inc for the year 20X2(from 01/01/20X2 to 31/12/20X2) was 40 million and 10 million, respectively. Assuming the revenue stream of Focus Inc was stable throughout 20X2, what was consolidated revenue for the year?Question 3 Answera.48 millionb.30 millionc.40 milliond.44 millione.45 millionf.26 milliong.50 millionh.42 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Fraud Prevention And Detection

Authors: Joseph T. Wells

5th Edition

1119351987, 9781119351986

More Books