deemed disposal from 100% holding to 80% holding - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7) +--- Thread: deemed disposal from 100% holding to 80% holding (/showthread.php?tid=6643) |
deemed disposal from 100% holding to 80% holding - JohnLam - 09-29-2009 I have the following question don't know how to solve A Ltd acquired 100% holding (100 shares at $1 each) in B Ltd when the reserve of B was zero. balance sheet of A and B as at 31-Mar-2008 A B Investment in Sub 150 Net asset 50 120 Share Capital 200 100 reserves 0 20 On 1 Apr 2008, B Ltd made a right issue of 25 ordinary shares at $1 each Balance of A and B at 31-Dec 2008 Investment in Sub 150 Net Asset 50 165 Share Capital 200 125 Reserves 40 Required prepare a consolidated balance as at 31 Dec 2008 Thanks for helping |