- This topic has 2 replies, 3 voices, and was last updated 14 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
C acquired 30000ordinary shares and $10000 of 4% loan stock in Excel company.
Excel co. is financed as follows:
$1 ordinary shares $50000
4% loan stock $40000
Retained earnings $10000For purpose of preparation of consolidated financial statement, what is C’s interest in Excel co.?
Is it:
85% or
30% or
50% or
60%.
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.