acquired 60% of the voting shares of the Mashele Ltd on 31 January 2014 for R65 000 when the items ofequity in the books of Mashele Ltd on that date were retained income of R45 000, revaluation surplus of R10 000 andshare capital of R58 000. What is the relationship between Hlayisani Ltd and Mashele Ltd? Select one: a. Venturer and joint venture. b. Investor and associate. c.
acquired 60% of the voting shares of the Mashele Ltd on 31 January 2014 for R65 000 when the items ofequity in the books of Mashele Ltd on that date were retained income of R45 000, revaluation surplus of R10 000 andshare capital of R58 000. What is the relationship between Hlayisani Ltd and Mashele Ltd? Select one: a. Venturer and joint venture. b. Investor and associate. c.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Hlayisani Ltd acquired 60% of the voting shares of the Mashele Ltd on 31 January 2014 for R65 000 when the items ofequity in the books of Mashele Ltd on that date were retained income of R45 000, revaluation surplus of R10 000 andshare capital of R58 000. What is the relationship between Hlayisani Ltd and Mashele Ltd?
Select one:
a.
Venturer and joint venture.
b.
Investor and associate.
c.
Parent and subsidiary.
d.
Venturer and joint operation.
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