White Bright Limited has three subsidiary Companies as on 31st March, 2018. Based upon the information given in the following, ascertain how the Cost of Investment will be treated in the Consolidated Balance Sheet.

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A:

Q: H plc owns 80% of the the voting shares of S plc. S plc is a subsidiary of H plc. The most recent…

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A: On 01.07.2016, P Bhd. acquired S Bhd. = 60% interest Non controlling interest = 100 - 60%…

Q: On January 1, 2017, Unilever Corporation purchased 75% of the ordinary shares of High Tide…

A: Fair value of net assets=Assets-liability Fair value=216800+8800-56800 =168800

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Q: Bright Ltd has a 60% subsidiary Sharp Ltd and a 30% associate Able Ltd and is producing its…

A: According to the given question, we are required to prepare the statements as required.…

Q: Problems 7 and 8 are based on the following information.Comparative consolidated balance sheet data…

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Q: On May 1, Donovan Company reported the following account balances:Current assets . . . . . . . . . .…

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Q: On 1 January 2018, Chelsea Ltd acquired 75% of the shares in Orlando Ltd at N$126 000. At that date

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A: Requirement 1:

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Q: On January 1, Parent Company acquired 90% of Subsidiary Company in exchange for 5,400 shares of P10…

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Q: On January 1, 2021, Parent Co. acquired 80% of Subsidiary In's outstanding stocks for P1,600,000…

A: Computation of total assets on consolidated balance sheet Total assets of parent's company + share…

Q: On January 1, Parent Company acquired 90% of Subsidiary Company in exchange for 5,400 shares of P10…

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Q: Patel Company issued 107,600 shares of $1 par value common stock (market value of $6/share) for the…

A: Journal of Patel Company as of January 01, 2014   Particulars Debit Credit Cash  $18,080…

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Q: On January 1, Parent Company acquired 90% of Subsidiary Company in exchange for 5,400 shares of P10…

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Q: On 31* March, 2016, Thin Ltd. Was absorbed by Thick Ltd., the later taking over all the assets and…

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Q: On 30 June 2020 Pink Ltd acquired all assets (except for cash) and assumed all liabilities (except…

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A: In cashflow there are 2 methods for calculating operating cash flow, they are: Direct Method…

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Q: As of December 31, 2018, Sadaf Oman Company reported assets of RO 1,700,000. share capital of RO…

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A: Herein above we need to first calculate the fair value of net asset acquired. Calculation of Fair…

Q: Mokwena Limited acquired 48% investment in Masibi Limited at R100 000. At the date of acquisition,…

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Q: On January 1, 2018, Pare Company acquired 75 percent of Kidd Company's common stock at an amount…

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Q: 1. Prepare the journal entry on Pipe Corporation's books to account for the investment in Sector…

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Q: KK Ltd regularly sells goods to its wholly-owned subsidiary company Ash Ltd, which it has owned…

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Q: consolidated balance sheet

A: Common stock of parent company remains the same as before in the consolidated balance sheet.

Q: On January 2, 2021, the Statement of Financial Position of Parent and Subsidiary Company prior to…

A: Consolidated Shareholder's Equity- Consolidated Shareholders’ Equity means the sum of Assets of the…

Q: The Wondai Ltd Croup reports the following balances in its consolidated financial statements for the…

A: Given that the buildings value for 2017 is $268,000 and 2018 is $524,000. Cash flow from investing…

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A: Consolidated Financial statements: Consolidated financial statements are prepared to analyze and…