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complex group structure

Tteejayomatsola11y ago
Pls sir I will like to know how you arrived at the 200 numerator you use to determine the % holding of k in l in Q4 of complex group structure D shaped group chapter 3
MikeLittleMikeLittleTutor11y ago#1
Here are two sentences from the question - I think that should answer your question! "Anda and Kristina bought shares in Liene on the same day, 2 years ago, at $2 per share. There were no other investments held by any of the three companies." Is that ok or are you still lost?
Tteejayomatsola11y ago#2
Still lost. I still do not understand how the two sentences can derive the holding. Pls help.
MikeLittleMikeLittleTutor11y ago#3
Ok, Kristina bought shares at $2 each and she has no other investments. Therefore, her only investment is her shareholding in Liene and her investment is carried in Kristina's records at $400. Therefore she owns 200 shares in Liene and that's 200 out of Liene's share capital of 300 Is that better?
Tteejayomatsola11y ago#4
Thanks so much. You are a genius.
MikeLittleMikeLittleTutor11y ago#5
You're probably right! :-)) You're welcome
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