HLB and its only subsidiary, SAC, operate in H-land. HLB acquired 60% of the ordinary shares of

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HLB and its only subsidiary, SAC, operate in H-land. HLB acquired 60% of the ordinary shares of SAC many years ago when SAC's retained earnings were H$10,800. The fair value of SAC's net assets at acquisition was the same as their carrying amount. Since acquisition, there has been no impairment of the goodwill and no intragroup transactions. On 01 June 20X8 the equity of each company is: HLB's share capital - 1200 SAC's share capital - 500 HLB's share premium - 350 HLB's Retained earnings-16800 SAC's retained earnings - 12100 For the year ended 31 May 20X9, what is the equity attributable to the owners of the parent brought forward in the consolidated statement of changes in equity for the HLB group? Solution A.H$17,580 B.H$19,130 C.H$19,430 D.H$25,910

Posted Date: May 18, 2024 07:07 PM

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HLB and its only subsidiary, SAC, operate in H-land. HLB acquired 60% of the ordinary shares of

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