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Hi there,
Could you tell me why investment is included in Hydan’s consolidated statement of financial position. I thought the investment of the parent company was always taken out of the consolidated accounts.
Thanks in advance for any help.
Investments in Hydan’s Statement of Financial POsition, according to the question, were $16,000
Of that amount, $10,800 is accounted for by the acquisition of the Systan shares (60% x 2,000 x $9 per share) and $4,000 is accounted for by the loan given to Systan
So $16,000 – $10,800 – $4,000 = $1,200 worth of other investments that Hydan holds in addition to the aggregate investment of $14,800 acquisition costs and loan to Systan
OK?
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