The share capital of H Ltd. and S Ltd., constituted in shares of ₹10 each, was respectively ₹5,00,000 and ₹1,00,000 as on 31st March, 2022. S Ltd., had a credit balance of ₹30,000 in reserves on that date when H Ltd. acq
CS Executive · Corporate and Management Accounting · PYQS · December 2022
The share capital of H Ltd. and S Ltd., constituted in shares of ₹10 each, was respectively ₹5,00,000 and ₹1,00,000 as on 31st March, 2022. S Ltd., had a credit balance of ₹30,000 in reserves on that date when H Ltd. acquired 8,000 shares of S Ltd. for ₹1,40,000. S Ltd. decided to make a bonus issue out of post-acquisition profits, of two shares of ₹10 each, fully paid, for every five shares held. In this case, the value of minority interest would be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Consolidated Financial Statements
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