On 30 June 2017, two-third of the shares of SAR Ltd. (with a total capital of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
On 30 June 2017, two-third of the shares of SAR Ltd. (with a total capital of CU 4,800,000) was acquired by HOR Ltd. the Balance Sheet of SIK Ltd. showed a debit balance of CU 2,400,000 on 1st January 2017 and a credit balance of CU 1,440,000 on 31 December 2017. The investment by HOR Ltd. in shares of SIK Ltd. Is CU 3,600,000. Calculate the cost of control or capital reserve. On 30 June 2017, two-third of the shares of SAR Ltd. (with a total capital of CU 4,800,000) was acquired by HOR Ltd. the Balance Sheet of SIK Ltd. showed a debit balance of CU 2,400,000 on 1st January 2017 and a credit balance of CU 1,440,000 on 31 December 2017. The investment by HOR Ltd. in shares of SIK Ltd. Is CU 3,600,000. Calculate the cost of control or capital reserve.
Expert Answer:
Answer rating: 100% (QA)
To calculate the cost of control or capital reserve we need to determine the difference between the ... View the full answer
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
Posted Date:
Students also viewed these finance questions
-
A Php 110,233 was loaned at an interest rate of 0.061. 9 annual payments have to be settled, the first payment will start at the end of the 3rd year. Compute for the principal amount remaining at the...
-
De Witte Off Method 11 Customer 1 Customer 2 Customer 3 Customer 4 Assets Jan Sales $ $ 5 5 $ 750 85% credit 125 80% cred 260 75% credit 385 100% credit 1,520 Total Balance in A/R a Record these...
-
On 1 February 2017, Beach Supplies Ltd was registered and issued a prospectus inviting applications for 2,000,000 shares, at an issue price of $350, payable as follows: $100 on application $150 on...
-
A strain of E-coli Beu 397-recA441 is placed into a nutrient broth at 30° Celsius and allowed to grow. The data shown in the table are collected. The population is measured in grams and the time...
-
In Section 5.2 we noted that the value of the Biot number significantly influences the nature of the temperature distribution in a solid during a transient conduction process. Reinforce your...
-
To perform a t-test when the sample size is small, the sample must show no evidence of strong ________________ and must contain no __________________ . In Exercises 7 and 8, fill in each blank with...
-
How to develop a litigation strategy?
-
Refer to the financial statements of American Eagle (Appendix B) and Urban Outfitters (Appendix C). Required: 1. A few years ago, American Eagle Outfitters split its stock. Describe the impact that...
-
Why did vaccine companies collaborate with governments in the U.S. and the UK during the global COVID-19 pandemic, as noted in the case?
-
Problem #12: Planning and Control Don't-Cha-Wanna-a-Coffee, a large-scale coffee company that has a chain of 125 retail coffee stores throughout New England, was embroiled in an ethics scandal 3...
-
Q1: Answer each of the following statements with True or False and correct the wrong words 1. The sequence of operations in which PCM is done is Quantizing, sampling, encoding. 2. One of the...
-
Unbeknownst to the United States, a Japanese aircraft carrier fleet was stealthily heading toward Hawaii. The objectives of the Japanese attack were simple. Japan did not expect to conquer the United...
-
Match the type of financial structure to statements provided below. You can use an answer more than once. Capital is divided into shares of common stock in There are restrictions on the...
-
Direct Materials, Motor $60.00 Other Direct Materials $21.00 Direct Labor $20.00 Variable Overhead $80.00 Fixed Overhead $16.40 Unit cost $197.40 Exhibit 2: Income Statement Budget and Actuals GusBus...
-
Ron Peterson, age 43, and Sandy Peterson, age 41, are married with two children, Michael, age 12, and Victoria, age 8, who has been blind since her birth. Ron is an architect and general partner with...
-
what manner does the application of typographic hierarchy, through the strategic utilization of font weight, size, and style variations, serve to orchestrate visual prominence and facilitate...
-
You are tasked to design the ER diagram for the database for the 3S clothing store. Data requirements are as given below. Information about 3S employees includes a unique employee ID, and his/her...
-
The column shown in the figure is fixed at the base and free at the upper end. A compressive load P acts at the top of the column with an eccentricity e from the axis of the column. Beginning with...
-
Toowoomba Irrigation Ltd began operations in the south-east Queensland region in July 2012. During the annual audit for the year ended 30 June 2017, it was discovered that errors had been made in the...
-
Peters Personal Training Service had been in business for several years. In June 2016, as a result of a dispute with the owner, the accountant of the business disappeared and took all the records...
-
Westons Washers Ltd buys and sells brand-name washing machines, which are identified by the manufacturers initials and model number. The inventory on 1 July 2015 is as follows: Identification number...
-
A sample of convenience is never acceptable. In Exercises 1316, determine whether the statement is true or false. If the statement is false, rewrite it as a true statement.
-
A police department conducted a survey in which police officers interviewed members of their community to ask their opinions on the effectiveness of the police department. The police chief reported...
-
Observational studies are generally more reliable than randomized experiments. In Exercises 1116, determine whether the statement is true or false. If the statement is false, rewrite it as a true...
Study smarter with the SolutionInn App