Parent Ltd acquires 60 per cent of the shares in Siblings Together Ltd. Balance sheets are then
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Parent Ltd acquires 60 per cent of the shares in Siblings Together Ltd. Balance sheets are then drafted immediately. You are to draw up the consolidated balance sheet.
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Parent Balance Sheet Investment in Siblings Together Ltd: 12,000 Ordinary £1 shares Fixed assets Stock Debtors Bank Share capital - Ordinary shares of 25p each £ 25,000 80,000 18,000 24,000 3,000 150,000 150,000 150,000
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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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