ABL Ltd holds 60% shares with voting rights of Deepak Agro Ltd (DAL) and 51% shares of

Question:

ABL Ltd holds 60% shares with voting rights of Deepak Agro Ltd (DAL) and 51% shares of Amit Agro Ltd (AAL). DAL holds shares of the following companies:

(i) XY Ltd 10% shares with voting rights

(ii) LKL Ltd 75% shares with voting rights

(iii) AAL holds 65% shares with voting rights of WWW Ltd.

Show how these companies are related to one another.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

See More Books

Question Posted: Dec 19, 2023 06:18 AM

See More Questions

BB Ltd holds 80% shares with voting rights of Dilip Agro Ltd (DAL) and 61% shares of Ashok Agro Ltd (AAL). DAL holds shares of the following companies: (i) XYZ Ltd 20% shares with voting rights (ii)...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
When one company holds less than 20% shares with voting rights of another company, then the relationship between both the companies is considered as (a) Holding and subsidiary (b) One company having...
Glencoe First National Bank operated for years under the assumption that profitability can be increased by increasing dollar volumes. Historically, First Nationals efforts were directed toward...
Indicate whether the following statements about the conceptual framework are true or false. If false, provide a brief explanation supporting your position. (a) Accounting rule-making that relies on a...
The reel has a weight of 150 lb and a radius of gyration about its center of gravity of k G = 1.25 ft. If it is subjected to a torque of M = 25 lb ft, and starts from rest when the torque is...
Brussels Electronics, Inc. has total assets of $$64$ million and total debt of $$45$ million. The company also has operating profits of $$23$ million with interest expenses of $$7$ million....
On December 31, Year 6, the Merchandise Inventories account of a Japanese electronics firm had a balance of 408,710 million, based on the firms financial reports for fiscal Year 7. Assume that during...
Explain the issues that an auditor may need to deal with in the cash accounts, especially if the company has foreign bank accounts for international transactions. Also, would a schedule of interbank...
Taking the data of Example 2, classify different liability items as provided under Indian GAAP. Data from Example 2 Classify the following items into different categories of assets as provided under...
Classify the following items into different categories of assets as provided under India GAAP. Liabilities Owner's Capital Secured Bank Loan Bank Overdraft Sundry Creditors Tax payable Outstanding...
On January 1, 2017, Blizzards-R-Us purchased a snow-blowing machine for $125,000. The machine was expected to have a residual value of $12,000 at the end of its 5-year useful life. On January 1,...
Rafael Espinal mentions votein different cultures, "Spanish is not Spanish is not Spanish." Explain what this means and how it relates to leadership traits.r turnout being a key issue in this...
Bridgeport Corporation has a December 31 year end. On January 1, 2024, the company had the following shareholders' equity accounts: Preferred shares, $3 non-cumulative, unlimited number authorized,...
Ugh Inc.'s net income for the most recent year was $17,382. The tax rate was 21 percent. The firm paid $3,953 in total interest expense and deducted $4,283 in depreciation expense. What was the cash...
EXCEL EXERCISES 35 15.) The financial records of the Colonial Restaurant reveal the following figures for the year ending December 31, 20XX: Depreciation, $25,000 Food sales, $375,000 Cost of...
detail a calculation for finding the most broad unifier of two terms. Delineate your response by bringing together the accompanying sets of terms: f(x, a, x) with f(a, y, b) f(x, y, z) with f(g(y),...
The Alabama legislature was considering an amendment to the state's constitution that would require that certain construction projects be performed only by Alabama copanies or companies that only...
Use Stokes' Theorem to evaluate f(y+sin x) dx+(z+cos y) dy+rdz, where C is the rve r(t) = (sint, cost, sin 2t), t = [0, 2].
Assume that Logan Company uses a periodic inventory system and has these account balances: Purchases $404,000; Purchase Returns and Allowances $13,000; Purchase Discounts $9,000; and Freight-in...
Assume the same information as in BE5-8 and also that Logan Company has beginning inventory of $60,000, ending inventory of $90,000, and net sales of $612,000. Determine the amounts to be reported...
Modder Corporation reported net sales of $250,000, cost of goods sold of $150,000, operating expenses of $50,000, net income of $32,500, beginning total assets of $520,000, and ending total assets of...
Teresa wanted to study how the area of a rectangle changes with the length if its width is fixed. She computed the areas of several rectangles that have the same width and different lengths. She then...
Search and identify two sources (blogs/video) that you find useful to enhance your negotiation and conflict resolution skills. Write a short essay on why these sources are relevant and useful.
How do contemporary perspectives in criminology integrate insights from various disciplines, such as psychology, sociology, and anthropology, to provide a comprehensive understanding of deviance in...

ABL Ltd holds 60% shares with voting rights of Deepak Agro Ltd (DAL) and 51% shares of

Question:

Step by Step Answer:

i ABL Ltd is holding more than 50 shares with voting rights of DAL and ...View the full answer

Financial Accounting

Students also viewed these Business questions