On 1st April, 2019, H Ltd. purchased 16,00,000 equity shares out of 20,00,000 equity shares of S Ltd. Following information is provided as on 31st March, 2019, by S Ltd.: Equity Share Capital ₹2,00,00,000, General Reserv
CS Executive · Corporate and Management Accounting · PYQS · December 2019
On 1st April, 2019, H Ltd. purchased 16,00,000 equity shares out of 20,00,000 equity shares of S Ltd. Following information is provided as on 31st March, 2019, by S Ltd.: Equity Share Capital ₹2,00,00,000, General Reserve ₹45,00,000, Statement of Profit & Loss ₹32,00,000. On 1st April, 2019, a machine of S Ltd. revalued by H Ltd. 25% above its book value of ₹12,50,000. The amount of minority interest will be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Consolidated Financial Statements
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