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Hello,
I need some help with a questions, its a very strange question and i haven’t seen it in any f7 papers before.
This is the question:
XXX PLC acquired 36 million of YXX ltd’s equity share on 1. January 2015 at a cost of $40 per share. XXX plc’s accounting year end is 30. September ; the year end of YXX prior to its acquisition had been 30. June. In order to facilitate the consideration process YXX ltd has changed its year end to 30. September and prepared its financial statement for the 15 months period to 30. September 2015. The following are the income statement of both companies:
This is all it says, i am wondering if there is any questions like this , and i am wondering if anyone could help me find with this question or find similar question to this?
Your sincerely
ABBY
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