Business, 08.12.2020 14:00 didraga777

406 The following are the Statement of Financial Positions of lyanda, Uthman and
Akinade respectively:
Iyanda
Uthman
Akinade
Assets
N 000
N000
N 000
Tangible
972
843
Investment in subsidiary:
Uthman (700,000 shares)
356
Akinade (300,000 shares)
Net current assets
477
1781
Financed by:
Ordinary share capital of Al each
Reserves
Retained earnings
Others
248
205
1320
164
570
1200
1000
400
333
200
100
248
120
70
1781
Additional information:
1320
570
i Iyanda acquired Uthman and Akinade when their Retained earnings were
N100,000 and N60,000 respectively.
ii.
The other reserves of the two companies stood at 150,000 and N40,000
respectively
Prepare a consolidated Statement of Financial Position for lyanda group.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:00

Jorge is a manager at starbucks. his operational plan includes achieving annual sales of $4,000,000 for his store. with only one month left to end of the fiscal year, jorge realizes that he won't reach his annual sales goal. what are his options?

Answers: 2

Answer

Business, 22.06.2019 14:50

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of

Answers: 3

Answer

Business, 22.06.2019 16:00

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)

Answers: 2

Answer

Business, 22.06.2019 16:00

In microeconomics, the point at which supply and demand meet is called the blank price

Answers: 3

Answer

You know the right answer?

406 The following are the Statement of Financial Positions of lyanda, Uthman and
Akinade resp...

Questions