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Rome purchased 75% of Madrid for $2,000,000 ten years ago when the balance on its retained eamings was $1,044,000. The statem
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Answer #1
Consolidated Statement Of Financial position
As on Mar,31 2017
Non Current Assets
Land And Building 3350
Plant & Equipment 3220
Motor Vehicles 855
Goodwill 842
(A) 8267
Current Assets
Inventories 1170
Trade Receivables 1850
Cash and cash Equivalent 140
(B) 3160
Total (A+B) 11427
Equity
Share Capitals 1000
Consolidated Retained Earnings 5327.5
Revenue Surplus 2500
(X) 8827.5
Non-Current Liabilities
10% Debentures 500
non-controlling Interest 777.5
Current Liabilities
Trade Payables 1322
(Y) 2599.5
Total (X+Y) 11427
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