Prepare a consolidated statement of financial position from the following statements of financial position of Pop Ltd
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Prepare a consolidated statement of financial position from the following statements of financial position of Pop Ltd and Junior Ltd which were drawn up immediately after Pop Ltd had acquired the share capital of Junior Ltd.
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Investment in Junior Ltd: 25,000 £1 Ordinary shares Non-current assets Inventory Accounts receivable Bank Pop Statement of Financial Position Share capital - £1 Ordinary shares Non-current assets Inventory Accounts receivable Bank Junior Statement of Financial Position Share capital - £1 Ordinary shares £ 16,000 48,000 10,800 6,400 4,800 86,000 86,000 £ 18,000 4,000 2,000 1,000 25,000 25,000
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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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