Question
Use the following data to answer the questions that follow the consolidated budget. The consolidated budget 31/12/2016 consolidated settlements affiliated company Holding Company assets credit
Use the following data to answer the questions that follow the consolidated budget. The consolidated budget 31/12/2016
consolidated | settlements | affiliated company | Holding Company | assets | |
credit | debit | ||||
43,000 | 30,000 | 13,000 | Current assets | ||
- | 5,400 | - | 5,400 | Dividends receivable | |
- | 54,000 | 57,600 | Investment in the subsidiary p.o | ||
3,600 | |||||
86,000 | 50,000 | 36,000 | Fixed assets | ||
129,000 | 80,000 | 112,000 | Total assets | ||
23,000 | 10,000 | 13,000 | current liabilities | ||
600 | 5,400 | 6,000 | Dividends payable | ||
65,000 | 40,000 | 40,000 | 65,000 | capital | |
34,000 | 24,000 | 24,000 | 34,000 | Retained earnings | |
6,400 | 6,000 | non-controlling rights | |||
400 | |||||
129,000 | 80,000 | 112,000 | The sum of liabilities and equity |
1- The share of the holding company in the profits of the subsidiary company P.O. 2 - The balance of the investment account in the subsidiary company on 1/1/2016 3 - Minority share in the dividends of the subsidiary company, P.O. 4- The percentage of the holding company's ownership of the subsidiary company's net assets. 5 - Ownership rights in the subsidiary company on 1/1/2016 6- Earnings retained in the subsidiary company on 1/1/2016
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