Marks Ltd trial balance includes the following amounts: Share Capital $130,000 CR Deferred Tax Liability $74,000 CR

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Marks Ltd trial balance includes the following amounts:

Share Capital $130,000 CR

Deferred Tax Liability $74,000 CR

Non Controlling Interest $50,000 CR

Cash Flow Hedge Reserve $12,250 CR

Investment in Associates $180,000 DR

Retained Earnings $805,000 CR

Revaluation Surplus $120,000 CR

Financial Liabilities $65,500 CR

What amount of equity should be recorded in the consolidated statement of financial position?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Dec 30, 2023 02:33 AM

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Marks Ltd trial balance includes the following amounts: Share Capital $130,000 CR Deferred Tax Liability $74,000 CR

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ANSWER Lets analyze the trial balance items that relate to equity Share ... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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