Bones Ltd acquired 8 100 ordinary shares for R15 400 in Dunn Ltd, a company in the motor industry on 1 July 2006 when the retained earnings of Dunn Ltd were R8 000 and 18 000 ordinary shares worth R36 000. Bones Ltd exercises significant influence over the management of financial policies of Dunn Ltd and has a 45% interest in Dunn Ltd. The separate trial balances for the year ended 30 June 2009 showed the following: Bones Ltd Dunn Ltd R R Share capital (130 000 ordinary shares) 162 500 - Share capital (18 000 ordinary shares) - 36 000 How much will be recognised as Share capital in Bones Ltd Group Statement of Financial Position as at 30 June 2009? Select one: a. R162 500 b. R198 500 c. R178 700 d. R36 000
Q1
Bones Ltd acquired 8 100 ordinary shares for R15 400 in Dunn Ltd, a company in the motor industry on 1 July 2006 when the
The separate
Bones Ltd Dunn Ltd
R R
Share capital (130 000 ordinary shares) 162 500 -
Share capital (18 000 ordinary shares) - 36 000
How much will be recognised as Share capital in Bones Ltd Group
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