Statements of financial position asat $31$ March $2023$

PC plc TV plc

Non$-$Current Assets:

Prepare the consolidated financial statements for PC PLC and its subsidiary, TV PLC for the year

ended $31$ March $2023$ in accordance with International Financial Reporting Standards.

For your support the complicated calculation of Goodwill and Non$-$controlling interest has already

been calculated goodwill is $250$ and Non$-$controlling interest is $1513$ you can just add it exactly in the

consolidated calculation. You are required to adjust the investment, share capital, and retained

earnings only.

Eliminate Investment in Subsidiary: The investment of $4000$ in TV PLC is eliminated against the equity of TV PLC$.$I wanted to ask why it is being eliminated $(investment4000)$