Question: Make the answer clear The following case shows the financial position of a parent company (Par) and its subsidiary company (Sub) on November 30, 2019,

Make the answer clear The following case shows the financial position

Make the answer clear

The following case shows the financial position of a parent company (Par) and its subsidiary company (Sub) on November 30, 2019, just after the parent had purchased 90% of the subsidiary's stock: Par (OMR) Sub (OMR) Current assets 780,000 280,000 Investment in S Company 190,000 Long term assets 1,200,000 400,000 Other assets 70,000 70,000 Total asset 2.240.000 750,000 Current liabilities 700,000 260,000 Long term liabilities 920,000 270,000 Common stock 600,000 180,000 Retained earnings 20.000 40.000 Total equities 2.240,000 750.000 Required a. Prepare consolidated balance Sheet workpaper for year ending 30th November 2019 for Par Co and subsidiary

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

a. Watson Elementary School contains 30 classrooms numbered 1 through 30. Each classroom can contain any number of students up to 35. Each student takes an achievement test at the end of the school...

Z 1:8 Task 2-Assessment.docx celiul> Question One: Putney Inc. acquired 100% of the outstanding common stock of Shad Inc. for OMR2,500,000 cash and 15,000 shares of its common stock (OMR2 par value)....

Make it clear The following case shows the financial position of a parent company (Par) and its subsidiary company (Sub) on November 30, 2019, just after the parent had purchased 90% of the...

Question Two: The following case shows the financial position of a parent company (Par) and its subsidiary company (Sub) on November 30, 2019, just after the parent had purchased 90% of the...

The following case shows the financial position of a parent company (Par) and its subsidiary company (Sub) on November 30, 2019, just after the parent had purchased 90% of the subsidiary's stock:...

Corporate account Question Two The following case shows the financial position of a parent company (Par) and its subsidiary company (Sub) on November 30, 2019, just after the parent had purchased 90%...

Question Two: The following case shows the financial position of a parent company (Par) and its subsidiary company (Sub) on November 30, 2019, just after the parent had purchased 90% of the...

The following case shows the financial position of a parent company (Par) and its subsidiary company (Sub) on November 30, 2019, just after the parent had purchased 90% of the subsidiary's stock:...

Problem 3-1 The two following separate cases show the financial position of a parent company and its subsidiary company on November 30, 2014, just after the parent had purchased 90% of the...

PROBLEM 3-1 Consolidated Workpaper: Two Cases LO 8 LO 9 The two following separate cases show the financial position of a parent company and its subsidiary company on November 30, 2024, just after...

Question 5 of 13 View Policies Show Attempt History Current Attempt in Progress Sunland Company has the following information available for September 2022. Unit selling price of video game...

What is the pH of a solution containing a buffer consisting of acetic acid and sodium acetate in which the actual [acetic acid]/[sodium acetate] ratio is (a) 1/3? (b) 3? (c) 1?

Unit 1 0 Lab Assignment Question 9 of 9 Presented here are the financial statements of Coronado Company. \ table [ [ CORONADO COMPANY Comparative Balance Sheets December 3 1 ] , [ Assets , 2 0 2 2 ,...

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

3. Should managers inform employees that their Web behavior is being monitored? Or should managers monitor secretly? Why or why not? The Internet has become an extremely valuable business tool, but...

7-8 Your company supplies ceramic floor tiles to Leroy Merlin, Bricorama, and other home improvement stores in France. You have been asked to start using radio frequency identification tags on each...

7-6 Does anyone own the Internet? Discuss how the Internet is currently governed and consider whether countries should be able to impose its own rules on the Internet within their own borders.