On 31 December 2018, A Ltd acquired 80% of the shares in B Ltd. additional info: A

Fantastic news! We've Found the answer you've been seeking!

Question:

On 31 December 2018, A Ltd acquired 80% of the shares in B Ltd.

additional info:

A Ltd record a long term loan($800,000) on the balance sheet with the entry of Other non-current assets.

The terms of the loan to B Ltd require 6% annual interest payments. The loan was made on 1 January 2020 and interest is paid on 31 December each year.

Qusetion

Does the long term loan and interest eliminate for the period 31 December 2020.

How to prepare the adjustment for the consolidation journal entries for UH Ltd

Posted Date: Sep 20, 2021 10:35 PM

See More Questions

A Co owns 20% of the shares in B Co, both of which are New Zealand resident companies. B Co pays A Co a $72,000 dividend, which has $28,000 of imputation credits allocated to it. What are the...
On 31/6/2016, DH Ltd acquired 80% of the shares in CH Ltd. On that date, the equity of LH Ltd comprised: $'000 Share capital 700 Retained earnings 400 Equity 1,100 At acquisition, the book value of...
Hyson plc acquired 75% of the shares in Green plc on 1 January 20X0 for £6 million when Green plcs accumulated profits were £4.5 million. At acquisition, the fair values of Greens...
On 13 May 2014, Ruben acquired 400 shares in Xantan Ltd at a cost of 1,800. On 17 July 2020, the company made a 1 for 8 bonus issue and (on the same day) Ruben sold his bonus shares for 7 each....
For the Big M method, explain why the simplex method never would choose an artificial variable to be an entering basic variable once all the artificial variables are nonbasic.
If the specific surface energy for soda-lime glass is 0.30 J/m 2 , using data contained in Table 12.5, compute the critical stress required for the propagation of a surface crack of length 0.05 mm....
Let a random sample of 5 observations from a normal (, 2 ) distribution (where it is known that the mean = 25) be (a) What is the equation for the shape of the likelihood function of the variance ...
The production department of Raredon Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Each unit requires 0.70 direct labor-hours, and...
The amount of realized gain to be recognized in a tax year is equal to the gross profit multiplied by the ratio of payments received in the current year divided by the total contract price. ...
Show the contents in hexadecimal of registers PC, AR, DR, IR, and SC of the basic computer when an ISZ indirect instruction is fetched from memory and executed. The initial content of PC is 7FF. The...
A mixture of dry air and water vapour is at a temperature of 20C under a total pressure of 735 mm Hg. The dew point temperature is 15C. Calculate the following: (a) Partial pressure of water vapour,...
State the contrapositive and converse. If $x>4$, then $x^{2}>16$.
Poppy Corporation owns 60 percent of Seed Companys common shares. Balance sheet data for the companies on December 31, 20X2, are as follows: The bonds of Poppy Corporation and Seed Company pay annual...
Name the five main fact-finding techniques and list one advantage and one disadvantage of each.
Consider a system shown below: If the system is disturbed so that $c(0)=1$, then $c(t)$ for a unit step input will be (a) $1+t$ (b) $1-t$ (c) $1+2 t$ (d) $1-2 t$ U(s) 2 S C(s)
The number of pits in a corroded steel coupon follows a Poisson distribution with a mean of 6 pits per $\mathrm{cm}^{2}$. Let $X$ represent the number of pits in a $1 \mathrm{~cm}^{2}$ area....
Value pricing is a strategy of pricing that takes into account the perceived customer value of the offering A) True B) False
For each of the following transactions, indicate whether it increases, decreases, or has no effect on the following financial ratios: current ratio, debt-to-equity ratio, profit margin ratio, and...
a. Find the Laplace transform of the given function. Use Table 2.2 when applicable. b. Confirm the result of (a) in MATLAB. $t^{2} \sin \left(\frac{1}{2} t ight)$ TABLE 2.2 Laplace Transform Pairs...
a. Express the signal in terms of unit-step functions. b. Find the Laplace transform of the expression in (a) by using the shift on $t$-axis. $g(t)$ in Figure 2.16 FIGURE 2.16 Signal in Problem...
a. Express the signal in terms of unit-step functions. b. Find the Laplace transform of the expression in (a) by using the shift on $t$-axis. $g(t)$ in Figure 2.15 FIGURE 2.15 Signal in Problem...

On 31 December 2018, A Ltd acquired 80% of the shares in B Ltd. additional info: A

Question:

Expert Answer:

Chegg Septxlsx Microsoft Excel Cla Home Insert Page Layout Formulas Data Review View X AutoSum Cut E... View the full answer

Students also viewed these accounting questions