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Make the summarized statements of financial position

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Question - Illustration on Consolidated Financial Position On 1 October 2019, Paradigm acquired 75% of Strata's equity shares by means of a share exchange of two new shares in Paradigm for every five acquired shares in Strata. In addition, Paradigm issued to the shareholders of Strata a $100 10% loan note for every 1,000 shares it acquired in Strata. Paradigm has not recorded any of the purchase consideration, although it does have other 10% loan notes already in issue. The market value of Paradigm's shares at 1 October 2019 was $2 each. Make the summarized statements of financial position of the two companies at 31 March 2020?

Reference no: EM132954834

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