Question
Old MathJax webview Molde Co acquired 95% of the issued share capital of Blacke Co in the middle of its financial year on 30 June
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?
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Worship Audit Making Good Worship Better
Authors: Mark Earcy
1st Edition
1851742948, 978-1851742943
