Assume H Ltd purchased 80% of the equity shares of S Ltd at a price of Rs 90,000 two years ago when 'S Ltd had equity share capital of Rs 100,000 and P & Loss debit balance (accmulated losses) of Rs 20,000.If now 2 years later,S Ltd's accumulated profits balance is Rs 60,000, what would be the amount of post acquisition profits attributable to H Ltd O a. Rs 56,000 O b. Rs 64,000 OC. Rs 72,000 O d. None of the options

Assume H Ltd purchased 80% of the equity shares of S Ltd at a price of Rs 90,000 two years ago when 'S Ltd had equity share capital of Rs 100,000 and P & Loss debit balance (accmulated losses) of Rs 20,000.If now 2 years later,S Ltd's accumulated profits balance is Rs 60,000, what would be the amount of post acquisition profits attributable to H Ltd O a. Rs 56,000 O b. Rs 64,000 OC. Rs 72,000 O d. None of the options

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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