White Bright Limited has three subsidiary Companies as on 31st March, 2018. Based upon the information given in the following, ascertain how the Cost of Investment will be treated in the Consolidated Balance Sheet.
White Bright Limited has three subsidiary Companies as on 31st March, 2018. Based upon the information given in the following, ascertain how the Cost of Investment will be treated in the Consolidated Balance Sheet.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
White Bright Limited has three subsidiary Companies as on 31st March, 2018. Based upon the information given in the following, ascertain how the Cost of Investment will be treated in the Consolidated
Particulars |
Amount in Millions |
||
Hazy Limited |
Clear Limited |
Sun Limited |
|
Investment made |
205.00 |
117.00 |
145.00 |
Percent of Shares Owned |
60% |
65% |
75% |
Assets at the time of Investment |
625.40 |
314.84 |
443.75 |
Liabilities at the time of Investment |
260.44 |
134.84 |
329.55 |
don't give hand written answers plz
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Follow-up Questions
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Follow-up Question
![Gobozana Limited has a receivable from its parent Ntuli Limited.
Can this receivable be separately reported on Gobozana Limited's balance sheet and in Ntuli Limited's consolidated balance sheet?
Select one:
O a. Gobozana Limited's balance sheet: Yes
Ntuli Limited's consolidated balance sheet: No
O b. Gobozana Limited's balance sheet: Yes
Ntuli Limited's consolidated balance sheet: Yes
O c Gobozana Limited's balance sheet: No
C.
Ntuli Limited's consolidated balance sheet: No
O d. Gobozana Limited's balance sheet: No
Ntuli Limited's consolidated balance sheet: Yes](https://content.bartleby.com/qna-images/question/37d3a717-ada3-4304-b02a-9f3822a21d6c/76cf2a5d-1494-4659-910d-5ae01290e798/lj2gs4p_thumbnail.png)
Transcribed Image Text:Gobozana Limited has a receivable from its parent Ntuli Limited.
Can this receivable be separately reported on Gobozana Limited's balance sheet and in Ntuli Limited's consolidated balance sheet?
Select one:
O a. Gobozana Limited's balance sheet: Yes
Ntuli Limited's consolidated balance sheet: No
O b. Gobozana Limited's balance sheet: Yes
Ntuli Limited's consolidated balance sheet: Yes
O c Gobozana Limited's balance sheet: No
C.
Ntuli Limited's consolidated balance sheet: No
O d. Gobozana Limited's balance sheet: No
Ntuli Limited's consolidated balance sheet: Yes
Solution
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