Franklin Ltd owns the following in other companies:Equity shares held80%25%Siyanda LtdZanele LtdGenius Ltd45%Select one:Non-equity shares heldFranklin Ltd also has appointed five of the seven directors of Genius Ltd.a. Siyanda Ltd and Genius Ltdb. Siyanda Ltd.Nil80%Which of Franklin's investments are accounted for as subsidiaries in the consolidated accounts of FranklinGroup?Oc. Zanele LtdOd. Siyanda Ltd and Zanele Ltd25%

Franklin Ltd owns the following in other companies: Equity shares held 80% 25% 45% Siyanda Ltd Zanele Ltd Genius Ltd Non-equity shares held Nil 80% 25% Franklin Ltd also has appointed five of the seven directors of Genius Ltd. Which of Franklin's investments are accounted for as subsidiaries in the consolidated accounts of Franklin

Franklin Ltd owns the following in other companies: Equity shares held 80% 25% 45% Siyanda Ltd Zanele Ltd Genius Ltd Non-equity shares held Nil 80% 25% Franklin Ltd also has appointed five of the seven directors of Genius Ltd. Which of Franklin's investments are accounted for as subsidiaries in the consolidated accounts of Franklin

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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16) Rainbow Co. owns the following investment in other companies. Green Co. Red Co. Blue Co Select one: O a Green Co. O b. Red Co. Rainbow Co. also has appointed five of the seven directors of Blue Co. Which of the following investments are accounted for as subsidiaries in the consolidated accounts of F Co. c Od. Equity shares held 80% 25% 45% Green and Blue All of them Non-equity shares held nil 80% 25%
Requirements: 7. What amount of non-controlling interest is to be presented in the consolidated statement offinancial position on December 31, 2x19?8. How much is the consolidated retained earnings attributable to Parent’s shareholder equity onDecember 31, 2x19?9. How much is the total consolidated assets on December 31, 2x19?
As at 31 December 20x8, A Ltd's net assets are represented by share capital of $500 million and retained profit of $500 million, B Ltd's net assets are represented by share capital of $200 million and retained profit of $500 million, and C Ltd's net assets are represented by share capital of $100 million and retained profit of $300 million. B Ltd acquired 70% of C Ltd in 20x5 when C Ltd's retained profit was $200 million. A Ltd acquired 80% of B Ltd in 20x6 when B Ltd's retained profit was $400 million and C Ltd's retained profit was $250 million. The amount of "non-controlling interest” in A Ltd's consolidated statement of financial position as at 31 December 20x8 should be: $260 million. $274 million. $270 million. None of the listed choices. $267 million.
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Determine the percentage owned by the parent.
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REQUIRED: Determine the percentage owned by the parent