Pro forma journals Study guides, Study notes & Summaries

1. The subsidiary paid or declared no dividends The following represent the abridged financial statements of A Ltd and its subsidiary, B Ltd: A Ltd B Ltd ASSETS Property, plant and equipment 330 000 170 000 Investment in B Ltd – 80 000 shares at fair value 88 000 - (cost price: $88 000) Trade and other receivables 28 000 36 000 Current account with B Ltd 10 000 - 456 000 206 000 EQUITY AND LIABILITIES Share capital – ordinary shares (200 000/100 000 shares) 200 000 100 000 ...