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A owns 80% of B & 40% of C, purchased when B's reserve was £6,000, & C's £1,000. B's net assets at acquisition were £25,000. Balance Sheets at 31-Dec-21 Investment in B Investment in C Other Net Assets ₤1NV Shares Reserves Profit/Loss Required: For the ABC group at Ye-Dec-21 prepare a) Group Balance Sheet, A Ltd B Ltd C Ltd 24,000 13,000 34,000 29,000 16,000 71,000 29,000 16,000 40,000 15,000 10,000 25,000 10,000 4,000 6,000 4,000 2,000 71,000 29,000 16,000 b) Group Income Statement, and c) Explain subsidiary and associate accounting treatments in group accounting. For group and parent interests calculate d) Return on Equity, and e) Earnings per Share

A owns 80% of B & 40% of C, purchased when B's reserve was £6,000, & C's £1,000. B's net assets at acquisition were £25,000. Balance Sheets at 31-Dec-21 Investment in B Investment in C Other Net Assets ₤1NV Shares Reserves Profit/Loss Required: For the ABC group at Ye-Dec-21 prepare a) Group Balance Sheet, A Ltd B Ltd C Ltd 24,000 13,000 34,000 29,000 16,000 71,000 29,000 16,000 40,000 15,000 10,000 25,000 10,000 4,000 6,000 4,000 2,000 71,000 29,000 16,000 b) Group Income Statement, and c) Explain subsidiary and associate accounting treatments in group accounting. For group and parent interests calculate d) Return on Equity, and e) Earnings per Share

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A owns 80% of B & 40% of C, purchased when B's reserve was £6,000, & C's £1,000. B's net assets at acquisition were £25,000. Balance Sheets at 31-Dec-21 Investment in B Investment in C Other Net Assets ₤1NV Shares Reserves Profit/Loss Required: For the ABC group at Ye-Dec-21 prepare a) Group Balance Sheet, A Ltd B Ltd C Ltd 24,000 13,000 34,000 29,000 16,000 71,000 29,000 16,000 40,000 15,000 10,000 25,000 10,000 4,000 6,000 4,000 2,000 71,000 29,000 16,000 b) Group Income Statement, and c) Explain subsidiary and associate accounting treatments in group accounting. For group and parent interests calculate d) Return on Equity, and e) Earnings per Share
Transcribed Image Text:A owns 80% of B & 40% of C, purchased when B's reserve was £6,000, & C's £1,000. B's net assets at acquisition were £25,000. Balance Sheets at 31-Dec-21 Investment in B Investment in C Other Net Assets ₤1NV Shares Reserves Profit/Loss Required: For the ABC group at Ye-Dec-21 prepare a) Group Balance Sheet, A Ltd B Ltd C Ltd 24,000 13,000 34,000 29,000 16,000 71,000 29,000 16,000 40,000 15,000 10,000 25,000 10,000 4,000 6,000 4,000 2,000 71,000 29,000 16,000 b) Group Income Statement, and c) Explain subsidiary and associate accounting treatments in group accounting. For group and parent interests calculate d) Return on Equity, and e) Earnings per Share
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