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consolidation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › consolidation

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • January 13, 2015 at 3:21 pm #222488
    Ryan
    Member
    • Topics: 31
    • Replies: 42
    • ☆☆

    vaynor co acquired 100,000 ordinary sharres in weeton co and 40000 shares in yarlet co some years ago.Extracts from the statments of financial position of the three companies as at 30 september 2001 we:

    vaynor co weeton co yarlet co

    ordinary shares 500 100 50
    retained earning 90 40 70
    at acquisition the reserves of weeton showed a deficit of 10,000 and of yarlet a balance of 30,000

    what are the consolidated retained earning of vanor group at 30 sept 2001.

    ans. vaynor=90,000
    weeton=40000+10000=50000
    yarlet=(70000-30000)x80%=32,000
    total=172,000
    my question is how to u find 80%? (how much they own)

    January 13, 2015 at 5:53 pm #222504
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54720
    • ☆☆☆☆☆

    If Weeton has 50,000 shares in total (I assume there were ‘000’s above the figures) and if Vaynor acquired 40,000 shares, then Vaynor owns 40,000/50,000 = 80%

    January 13, 2015 at 6:06 pm #222505
    Ryan
    Member
    • Topics: 31
    • Replies: 42
    • ☆☆

    yes there is ‘000

    thanks a lot

    January 13, 2015 at 6:30 pm #222509
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54720
    • ☆☆☆☆☆

    You are welcome 🙂

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    Posts
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