FA P&M Stock Alexander bought 37,500 shares in B several years ago when B had a...

Transcribed Image Text:

FA P&M Stock Alexander bought 37,500 shares in B several years ago when B had a negative balance on revenue reserve of €3000. During the year 30/06/X1, Alexander bought a machine from B for €5000, which yielded a profit for B of 30% on selling price. Depreciation has been charged in the accounts at 20% on cost. B bought goods from Alexander, giving Alexander gross profit on invoice price of 33 %. On 30/06/X1, B's stock included an amount of €8000 for goods bought from Alexander for €9000. Inv in B Bank The respective balance sheets of Alexander, and B are shown below in €000. Prepare a consolidated Balance Sheet of Alexander Group as at 30/06/X1. Detors Crs<lyr Sh Cap (€1) Rev Res Cost 108 65 Alexander Depn 20 25 25 48 22 95 112 NBV 88 40 128 35 -17 146 100 46 146 Cost 64 4333 B Depn 32 29 27 21 6 54 34 NBV 32 14 46 20 66 50 16 66 FA P&M Stock Alexander bought 37,500 shares in B several years ago when B had a negative balance on revenue reserve of €3000. During the year 30/06/X1, Alexander bought a machine from B for €5000, which yielded a profit for B of 30% on selling price. Depreciation has been charged in the accounts at 20% on cost. B bought goods from Alexander, giving Alexander gross profit on invoice price of 33 %. On 30/06/X1, B's stock included an amount of €8000 for goods bought from Alexander for €9000. Inv in B Bank The respective balance sheets of Alexander, and B are shown below in €000. Prepare a consolidated Balance Sheet of Alexander Group as at 30/06/X1. Detors Crs<lyr Sh Cap (€1) Rev Res Cost 108 65 Alexander Depn 20 25 25 48 22 95 112 NBV 88 40 128 35 -17 146 100 46 146 Cost 64 4333 B Depn 32 29 27 21 6 54 34 NBV 32 14 46 20 66 50 16 66

Answer rating: 100% (QA)

FA PM Assets Amount consolidated balance she... View the full answer