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Calculate the balance for inclusion on the group

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Problem 1: The following information relates to group entity for 2005 financial year (01/01/2005-31/12/2005): the parent holds 90% of the ordinary share capital in the subsidiary entity, on 01/01/2005, the parent's equity b/f balance was R 5 967 000, on 01/01/2005, the subsidiary's equity b/f balance was R 1 840 000 at acquisition, the subsidiary's net assets had a fair value of R 1 315 000. Based on the information calculate the b/f balance for inclusion on the group's consolidated statement of changes in equity.

A. R6 530 500
B. R6 500 000
C. R6 439 500
D. R6 600 00

 

Reference no: EM132960796

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