A Ltd. paid ₹9,00,000 for 70% of equity in B Ltd. on 1st April, 2019. On this date B Ltd. had share capital of ₹10,00,000 and retained earnings of ₹5,00,000. All of the assets and liabilities of B Ltd. were recorded at f
CS Executive · Corporate and Management Accounting · PYQS · December 2021
A Ltd. paid ₹9,00,000 for 70% of equity in B Ltd. on 1st April, 2019. On this date B Ltd. had share capital of ₹10,00,000 and retained earnings of ₹5,00,000. All of the assets and liabilities of B Ltd. were recorded at fair value. A Ltd. interest in the B Ltd. would be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Consolidation of Accounts
Related Questions in this Topic
- The date that award exercised satisfied conditions of agreement is called:
- (1) To determine Fair value. (2) To set out a single Ind AS framework for measuring fair value. (3) To require disclosur...
- The ratio that explains how efficiently companies use their assets to generate sales is ............
- Which of the following is not the method of valuation of goodwill?
- Which of the following is not a method of business valuation?