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Calculate the amount at which the investment in Ugly Ltd should be shown in the consolidated Balance Style Ltd. as on 31.3,17.

Calculate the amount at which the investment in Ugly Ltd should be shown in the consolidated Balance Style Ltd. as on 31.3,17.

FINANCIAL ACCOUNTING
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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style Ltd. acquired 30% of Ugly Ltd.'s shares on April 10.2017. the price paid was t 20.00.000. Equity shares (Paid up) 5,00,000 Securities Premium 15.00,000 Reserve 5.00.000 25.00.000 Further, Ugly Ltd reported a net income of 13,00.000 and paid dividends of t1,00,000. Style Ltd. has subsidiary on 31.3.17. Calculate the amaunt at which the investment in Ugly Ltd should be shown in the consolidated Balance Sheet of Style Ltd. as on 31.3,17.
Transcribed Image Text:style Ltd. acquired 30% of Ugly Ltd.'s shares on April 10.2017. the price paid was t 20.00.000. Equity shares (Paid up) 5,00,000 Securities Premium 15.00,000 Reserve 5.00.000 25.00.000 Further, Ugly Ltd reported a net income of 13,00.000 and paid dividends of t1,00,000. Style Ltd. has subsidiary on 31.3.17. Calculate the amaunt at which the investment in Ugly Ltd should be shown in the consolidated Balance Sheet of Style Ltd. as on 31.3,17.
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