Star Ltd. and Moon Ltd. had been carrying on business independently. They agreed to amalgamate and form a new company Neptune Ltd. with an authorised share capital of $2,00,000 divided into 40,000 equity shares of $5 each. On 31st March, 2016, the respective financial position of Star Ltd. and Moon Ltd. were as follows: Moon Ltd. $ 1,82,500 83,875 Star Ltd. $ 3,17,500 1,63,500 Fixed Assets Current Assets 4,81,000 2,98,500 2,66,375 90,125 Less : Current Liabilities 1,82,500 1,76,250 Representing Capital Additional Information : (a) Revalued figures of Fixed and Current Assets were as follows : Star Ltd. Мoon Ltd. $ 3,55,000 1,49,750 1,95,000 78,875 Fixed Assets. Current Assets (b) The debtors and creditors include $ 21,675 owed by Star Ltd. to Moon Ltd. The purchase consideration is satisfied by issue of the following shares and debentures: (i) 30,000 equity shares of Neptune Ltd. to Star Ltd. and Moon Ltd. in the proportion to the profitability of their business based on the average net profit during the last three years which were as follows: Star Ltd. Moon Ltd. $ 2,24,788 (1,250) 1,88,962 1,36,950 1,71,050 1,79,500 2013-14 Profit 2014-15 (Loss)/Profit 2015-16 Profit You are required to compute the amount of shares to be issued to Star Ltd. and Moon Ltd. and a Balance Sheet of Neptune Ltd. showing the position immediately after amalgamation.

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.