Question
Prepare consolidation journal entries required for Hobart Ltd and its subsidiary Devonport Ltd on 30 June 2019. Hobart Ltd acquired its 80 per cent interest
Prepare consolidation journal entries required for Hobart Ltd and its subsidiary Devonport Ltd on 30 June 2019. Hobart Ltd acquired its 80 per cent interest in Devonport Ltd on 1 July 2011, that is, eight years earlier. The cost of the investment was $890 000. At that date the capital and reserves of Devonport Ltd were:
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Payroll Accounting 2018
Authors: Jeanette Landin, Paulette Schirmer
4th edition
1260005127, 1259742514, 1260005165, 126000516X, 978-1259742514
