Question: Show all necessary working Question # 01 Alpha Limited bought 100% of Beta Limited a year ago on 01 January 2019 At the date of

 Show all necessary working Question # 01 Alpha Limited bought 100%

Show all necessary working

of Beta Limited a year ago on 01 January 2019 At the

Question # 01 Alpha Limited bought 100% of Beta Limited a year ago on 01 January 2019 At the date of acquisition Subsidiary Limited's retained earnings stood at Rs. 300,000 and share premium 450,000. The statements ofnancial position Alpha and Beta as at 31 December 2020 were as fol lows: Non Current Assets Property Plant & Equipment Long term Investments Intangible assets Investment in Subsidiary LTd Current Assets Stock in trade Debtors Short term Investments Cash & Bank Equity and Liabilities Share Capital Share premium Retained Earnings Non Current Liabilities Loan from bank Debentures Bonds payable Current Liabilities Requirement: Prepare a consolidated statement of nancial position as at 31 December 2020 (Show all necessary workings. (15 Marks} Alpha Limited 1,920,000 4,800,000 3,360,000 1,800,000 11,880,011) 130,000 1,440,000 430,000 720,000 2,820,000 14300.0(\" 6,000,000 1,200,000 3,240,000 10,440,000 1,080,000 1,200,000 600 000 2,880,011) 3,180,000 14,700,000 Beta Limited 1,440,000 864,000 504,800 2,908,800 90,000 720,000 240,000 540,000 1,590,000 4,498,800 1,200,000 600,000 360,000 2,160,000 540,000 120,000 660,000 1,798,800 4,498,800

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