Prepare the consolidated statement of financial position

Reference no: EM132782837

Problem - The following are the summarized statements of financial position of a group of companies as at 31^st December 2019.

Particular	ABC Ltd. (Amount in Tk.)	XYZ Ltd. (Amount in Tk.)
Non-Current Asset
Property Plant Equipment	238,000	65,000
Investment (48,000 Tk. 1 Shares in XYZ Ltd.)	67,000
Current Assets	45,000	35,000
Total Assets	350,000	100,000
Equity & Liabilities
Share Capital (Tk. 1 Ordinary)	205,000	60,000
Retained Earnings	73,000	25,000
Total Equity	278,000	85,000
Liabilities	72,000	15,000
Total Equity & Liabilities	350,000	100,000

ABC Ltd. acquired its shares in XYZ Ltd. during the year, when retained earnings were Tk. 12,500. At the end of 2019, the goodwill impairment review revealed a loss of TK. 3,000 in relation to the acquisition of XYZ. Ltd.

Requirement - Prepare the consolidated statement of financial position of ABC Ltd. at 31^st December 2019.

Reference no: EM132782837

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