P owns 80% in S Ltd. P own 30% in A Ltd. The following items appear...
P owns 80% in S Ltd.
P own 30% in A Ltd.
The following items appear in their respective statement of
profit or loss and other comprehensive income for the year ended 31
December 20x8:
P Ltd S Ltd A Ltd
$’000 $’000 $’000
Profit after tax 8,000 6,000 5,000
Other comprehensive income
Revaluation surplus 6,000 5,000 2,000
Fair value gain 4,000 2,000 1,000
How to present this in the consolidated profit or loss statement of equity for the year ended 31 Dec 20x8 .
Homework Answers
| P Ltd | S Ltd | A Ltd | |
| PAT | $ 8,000.00 | $ 6,000.00 | $ 5,000.00 |
| Reval Gain | $ 6,000.00 | $ 5,000.00 | $ 2,000.00 |
| Fair Value Gain | $ 4,000.00 | $ 2,000.00 | $ 1,000.00 |
| Total | $ 18,000.00 | $ 13,000.00 | $ 8,000.00 |
| Add: Share in S Ltd | $ 10,400.00 | ||
| Add : Share in A Ltd | $ 2,400.00 | ||
| Consolidated Profit as on 31.3.2018 | $ 30,800.00 |
Add Answer to:
P owns 80% in S Ltd.
P own 30% in A Ltd.
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The top image is the question, the bottom image is the
answer.
Within the answer (second image), in working 1 (W1) Revaluation
where did they get the cost from as well as the SOPOL
OCI-Revaluation gain figure from?
And why do we CR cost for machine 2 and not DR like machine
1?
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The top image is the question, the bottom image is the
answer.
Within the answer, in working 1 (W1) Revaluation where did they
get the cost from as well as the SOPOL OCI-Revaluation gain figure
from?
And why do we CR cost for machine 2 and not DR like machine
1?
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