Immediately after Pai, Mae and Co Ltd had achieved control of Sibling 1 Ltd and Sibling 2
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Immediately after Pai, Mae and Co Ltd had achieved control of Sibling 1 Ltd and Sibling 2 Ltd the following statements of financial position are drawn up. You are to draw up the consolidated statement of financial position.
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Pai, Mae and Co Statement of Financial Position Investments in subsidiaries: Sibling 1 Ltd 30,000 £1 Ordinary shares Sibling 2 Ltd 30,000 £1 Ordinary shares Non-current assets Current assets Share capital - Ordinary £1 shares Retained profits General reserve m 75,000 53,000 162,000 41,000 331,000 195,000 84,000 52,000 331,000
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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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