Draw up a consolidated statement of financial position from the following statements of financial position which were
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Draw up a consolidated statement of financial position from the following statements of financial position which were drawn up as soon as Pa Ltd had acquired control of Sonny Ltd.
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Pa Statement of Financial Position Investment in Sonny Ltd: 160,000 Ordinary £1 shares Non-current assets Inventory Accounts receivable Bank Share capital - Ordinary £1 shares Sonny Statement of Financial Position Non-current assets Inventory Accounts receivable Bank Share capital - Ordinary £1 shares £ 160,000 148,000 90,000 52,000 50,000 500,000 500,000 £ 98,000 48,000 8,000 6,000 160,000 160,000
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
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