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The question told the number of shares held by the subsidiary and gave the Investment by the parent in the subsidiary in the financial position statement. It also gave the value per share in the question. Can I calculate the percentage breakdown between the parent and subsidiary using these values?
Hi John,
Please I need your help again. I wrote F3 last Wednesday but I sadly narrowly failed to get the pass mark.
I have not seen an example of the Consolidation account question I got. The shares the parent had acquired was not given in percentage. The number of shares the available to the subsidiary at the time of acquisition was given and the retaining amount too. The investment of the parent was given in the report. The non-controlling interest at the time acquisition was also not given but the price of per share was given and was asked to use that figure to controlling interest. After that the normal consolidation accounts preparation questions were asked an finally was asked to find the adjusting value. I found this question quite for me since I have seen any example like that. Please explain to me how to about this kind of question an if you have any example, please show me and how to solve it. Thanks
hoping to hear from you.