The following statements of financial position of Father Ltd and Son Ltd were drawn up as at
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The following statements of financial position of Father Ltd and Son Ltd were drawn up as at 31 December 2017. Draw up the consolidated statement of financial position as at that date.
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Father Ltd Statement of Financial Position as at 31 December 2017 Non-current assets Investment in subsidiary: 100,000 shares bought 31.12.2016 Other non-current assets Current assets Share capital Retained profits: As at 31.12.2016 Add Profit for 2017* E 149,000 71,000 £ 220,000 380,000 120,000 720,000 500,000 220,000 720,000
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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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