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Pinky Co. acquired 80% 0f Scar Co. ordinary share capital on 1 January 2012. As at 31 December 2012 the extract from their individual statements
Pinky Co. acquired 80% 0f Scar Co. ordinary share capital on 1 January 2012. As at 31 December 2012 the extract from their individual statements of financial position showed:
As a result of trading during the year Pinky Co.'s receivables balance included an amount due from Scar Co. of $4,600.
What should be the shown as the consolidated figure for receivables and payables?
Select one:
a.
$80,000 and $112,000
b.
$75400 and $112,000
c.
$74,000 and $103,600
d.
$75,400 and $107,400
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