House Plc owns 80% of the issued share capital of Window Plc and 25% of the issued share capital of Door Plc. The revenues for the year are as follows: House Plc GH¢1,500,000 Window Plc GH¢1,000,000 Door Plc GH¢160,000 What amount for revenue should appear in the consolidated statement of profit or loss for the year?

House Plc owns 80% of the issued share capital of Window Plc and 25% of the issued share capital of Door Plc. The revenues for the year are as follows: House Plc GH¢1,500,000 Window Plc GH¢1,000,000 Door Plc GH¢160,000 What amount for revenue should appear in the consolidated statement of profit or loss for the year?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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