The following are the statements of financial position of Gold plc and Silver plc as at 1
Question:
The following are the statements of financial position of Gold plc and Silver plc as at 1 January 20X9:
Gold plc purchased all the equity shares of Silver plc on 1 January 20X9. The assets and liabilities of Silver plc are shown in its financial statements at what are agreed to be appropriate fair values.
Required
Prepare a consolidated statement of financial position as at 1 January 20X9.
Transcribed Image Text:
ASSETS Non-current assets Property, plant and equipment Investment in Silver ple Current assets Total assets EQUITY AND LIABILITIES Equity Equity share capital Share premium Gold ple £'000 13,600 3,600 17,200 2,000 19,200 5,000 4,000 Silver ple £'000 2,500 2,500 1,000 3,500 1,000 800
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Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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