Question
On October 1, 2020, Haroon Limited (HL) acquired 85% of the share capital of Safeer Limited (SL). The profit for the year ended December 31,
On October 1, 2020, Haroon Limited (HL) acquired 85% of the share capital of Safeer Limited (SL). The profit for the year ended December 31, 2020 of SL was Rs. 5,760,000. Profits are deemed to accrue evenly over the year. At December 31, 2020, SLs statement of financial position represent equity share capital and retained earnings amounted to Rs. 32 million and 28.8 million, respectively. What were the net assets of SL on acquisition?
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Introduction To Industrial Energy Efficiency Energy Auditing Energy Management And Policy Issues
Authors: Patrik Thollander, Magnus Karlsson, Patrik Rohdin, Johan Wollin, Jakob Rosenqvist
1st Edition
0128172479, 978-0128172476
