acquired 75% of Ben and 30% of Weed when Ben's reserves were £16,000, and those of Weed were £4,000. Fair value of Ben's net assets at the time of acquisition amounted to £35,000. All company accounts are shown below. Balance Sheets at 31-Dec-20 Non-current assets Investment in Ben Investment in Weed Other Net Assets Х 26,000 Ben 9,000 Weed 6,000 30,000 12,000 10,000 37,000 21,000 78,000 46,000 27,000 Issued Share Capital 40,000 16,000 10,000 Retained Earnings 30,000 26,000 14,000 Profit/Loss 8,000 4,000 3,000 78,000 46,000 27,000 Required: For Ye-Dec-20 prepare 1) Group Balance Sheet 2) Group Income Statement 3) Reconcile group and company net assets

​On April 1, 20x8 Phar acquired 90% of the Equity Shares of Star. Star retained profits at the date of acquisition were $ 2, 640,000.     Balance Sheet as at 31 March 20x9.       Phar   Star     $000 $000 $000 $000 Non-Current Assets         PPE 2,544   2,388   Intangible Software -   2,520   Investments-Equity in Star 5, 036   -   Others 214   252       7,794   5,160 Current Assets         Inventories 863   672   Receivables 629   394   Stars Current Account   90     -   Cash 24   -       1,606   1,066     9,400   6,226 Capital and Reserves         Equity shares of $1 each   2,400   1,800 Share Premium 2,400…

Redcliff Ltd acquired the entire share capital of ABC Ltd for $18,000 cash on 31 December 20X4.The balance sheets of the two companies as at that date were as follows:          Redcliff Ltd                                                                             ABC Ltd$ $ $Current assets 240,000                                                        28,800Non-current assets:Investment in ABC at cost 18,000Other asset 96,000 114,000 9,600Total assets 354,000 38,400Current liabilities 198,000 20,400Net assets 156,000 18,000Paid-up capital 120,000 12,000Retained profits 36,000 6,000Owners’ equity 156,000 18,000Required:Prepare the consolidated balance sheet of Redcliff Ltd and its subsidiary as it 31 december 20X4.

Question:The following is the extract from trial balance of G Limited, subsidiary of Y Limited for the year ended 31 December 2021.                                                                        Dr                              CrInventory on hand: 31/12/2020               50 000     Sales                                                                                            1025000Purchases                                                  350 000     Depreciation                                             25 000     Rent income                                                                                 40 000Dividend paid                                           11 000     Other expenses                                        300 000     Income tax expense                                 145 000      Additional information: 1. Y Limited acquired its interest in G limited on the 1 st May 2021. 2.The average monthly sales of G Limited accrued evenly throughout the year.…