After Pop and Mum Ltd acquired 75 per cent of the shares of Sons and Cousins Ltd
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After Pop and Mum Ltd acquired 75 per cent of the shares of Sons and Cousins Ltd the following balance sheets are drawn up. You are to draw up the consolidated balance sheet.
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Pop and Mum Balance Sheet Investments in Sons and Cousins Ltd: 15,000 Ordinary £1 shares Fixed assets Stock Debtors Bank Share capital - Ordinary shares of 10p each £ 18,000 45,000 8,000 13,000 6,000 90,000 90,000 90,000
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To prepare the consolidated balance sheet for Pop and Mum Ltd and Sons and Cousins Ltd we will conso...View the full answer
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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