Which would appear in the consolidated statement

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Reference no: EM132532922

ABC Plc acquired 35% of the equity voting shares of XYZ Ltd on 1 January 2019. The total equity voting shares consisted of 2,000,000 shares of £1 each nominal value. The price paid by ABC Plc was £2 per share. On the 1st January 2019, there was a credit balance on the reserves of £756,000.

Question 1: Which of the following would appear in the consolidated statement of financial position in respect of the investment in XYZ Ltd at the date of acquisition?

Option 1: £2,756,000

Option 2: £1,400,000

Option 3: £4,000,000

Option 4: £756,000

Reference no: EM132532922

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