Consolidated statement of financial position

Assignment Help Accounting Basics

Reference no: EM131003981

Company Alpha has set up a subsidiary to deal with the distribution of its products by mail order. At 31 December 20X6 their respective statements of financial position were:

	*Parent*	*Subsidiary*
Property, plant and equipment (net)	980	340
Investment in subsidiary	180	-
Loan to subsidiary	50	-
Current assets	360	195
Total assets	1 570	535
Share capital	800	180
Retained earnings Loan from parent	360-	- 50
Long-term borrowings	300	250
Current liabilities	110	55
Total equity and liabilities	1 570	535

Draw up a consolidated statement of financial position at 31 December 20X6.

Reference no: EM131003981

Questions Cloud

Patent for the production of a new product : Lemma owns a patent for the production of a new product. Lemma did not recognize the patent in its financial statements. The estimated fair value of the patent amounts to €80 000.

Identify a source of business financing : Should a start-up organization invest in an IS immediately? Why or why not

Will demand for any related products be affected : See if you can find some examples of changes in new goods, services, govern- ment policies, or institutional arrangements that work by reducing the time price of a product. How do you think that change will affect the demand for the product? Will ..

Programming formulation that minimizes average travel time : Write a programming formulation that minimizes the average travel time for each person - Determine the best model type(s) for each(linear, nonlinear, or integer), and then building the model(s) to meet the needs of the scenarios.

Consolidated statement of financial position : Draw up a consolidated statement of financial position at 31 December 20X6.

What must the marginal utility of y be : Suppose that marginal util- ity of Good X = 100, the price of X is $10 per unit, and the price of Y is $5 per unit. Assuming that the consumer is in equilibrium and is consuming both X and Y, what must the marginal utility of Y be?

Inherit genetic predispositions : In studying the various DSM diagnoses now, much research comes from the idea that we may inherit genetic predispositions toward something, and then different things in the environment can possibly trigger our vulnerability to them

What are the values of the given series : What are the values of the series t =0 and t = -Π/2 and the corresponding values for original function f(t)? Quote theorems to explain possible discrepancy.

What assessment results reflect your personality and why : A description of the assessment you completed. Explain to what degree you think the assessment results reflect your personality and why

User Account

All Pages