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(a) On 1 January 20X7 Parent Ltd acquired all the ordinary shares in Daughter Ltd for £16,200 cash. The fair value of the net assets in Daughter Ltd was £12,000. (b) The purc...
See AnswerQ: On 1 January 20X7 Parent Ltd acquired all the ordinary shares in
On 1 January 20X7 Parent Ltd acquired all the ordinary shares in Daughter Ltd for £6,000 cash. The fair value of the net assets in Daughter Ltd was their book value. Required: Prepare th...
See AnswerQ: On 1 January 20X7 Parent Ltd acquired 75% of the ordinary
On 1 January 20X7 Parent Ltd acquired 75% of the ordinary shares in Daughter Ltd for £9,000 cash. The fair value of the net assets in Daughter Ltd was their book value. Assume in each cas...
See AnswerQ: Rouge plc acquired 100% of the common shares of Noir plc
Rouge plc acquired 100% of the common shares of Noir plc on 1 January 20X0 and gained control. At that date the statements of financial position of the two companies were as follows: Required: Prepa...
See AnswerQ: Ham plc acquired 100% of the common shares of Burg plc
Ham plc acquired 100% of the common shares of Burg plc on 1 January 20X0 and gained control. At that date the statements of financial position of the two companies were as follows: Notes: 1 The fair...
See AnswerQ: Set out below is the summarized statement of financial position of Berlin
Set out below is the summarized statement of financial position of Berlin plc at 1 January 20X0. On 1/1/20X0 Berlin acquired 100% of the shares of Hanover for £100,000 and gained contro...
See AnswerQ: Bleu plc acquired 80% of the shares of Verte plc on
Bleu plc acquired 80% of the shares of Verte plc on 1 January 20X0 and gained control. At that date the statements of financial position of the two companies were as follows: Required: Prepare a con...
See AnswerQ: Sweden acquired 100% of the equity shares of Oslo on 1
Sweden acquired 100% of the equity shares of Oslo on 1 March 20X1 and gained control. At that date the balances on the reserves of Oslo were as follows: Revaluation reserve …&acir...
See AnswerQ: Summer plc acquired 60% of the equity shares of Winter Ltd
Summer plc acquired 60% of the equity shares of Winter Ltd on 30 September 20X1 and gained control. At the date of acquisition, the balance of retained earnings of Winter was €35,000....
See AnswerQ: Maxpool plc, a listed company, owned 60% of the
Maxpool plc, a listed company, owned 60% of the shares in Ching Ltd. Bay plc, a listed company, owned the remaining 40% of the £1 ordinary shares in Ching Ltd. The holdings of shares were acquired on...
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