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3370M 110% Tools FB Sig 18.4 Parent Company Ltd buys shares in Subsidiary 1 and Subsidiary 2 on 31 December 20x7. You are to draft the consolidated balance sheet as at 31 December 20x8 from the following Parent Company Balance Sheet as at 31 December 20x8 E Investment Subsidiary 1: 80,000 shares Subsidiary 2: 30,000 shares Fixed assets Current assets 125,000 49,000 230,000 74.000 478,000 350,000 Share capital Profit and loss account: As at 31.12.20x7 Add Profit for 20x8 41,000 37,000 General reserve 78,000 50 000 478.000 Subsidiary 1 Balance Sheet as at 31 December 20X8 Fixed assets Current assets E 147,000 39,000 186.000 100,000 Share capital Profit and loss account: As at 31.12.20x7 Add Profit for 20XB 22,000 34000 General reserve (same as 31.12.20x7) 56,000 30.000 186.000 Chapter 18 Consolidation of balance sheetse basic mechanics Tool 18.2 Pa and Ma Ltd bought 60 per cent of the shares of son and Daughter Ltd on 31 March 20x4. The balance sheets of the two companies on 31 March 20x5 are as follows. You are to draw up a consolidated balance sheet as at 31 March 2oxs. Pa and Ma Balance sheet as at 31 March 2oxs E Investment in Son and Daughter Ltd: 60,000 shares bought 31.3.20X4 Fixed assets Current assets 64,000 190,000 46.000 300.000 200,000 Share capital Profit and loss account: As at 31.3.20x4 Add Profit for 20X5 31,000 39,000 General reserve 70,000 30,000 300,000 Son and Daughter Balance Sheet as at 31 March 20xs Fixed assets Current assets 112,000 21.000 133,000 100,000 Share capital Profit and loss account As at 31.3.2024 Less Loss for 20x5 16,000 (3.000) General reserve (unchanged since 20X1) 13,000 20 000 133.000 3370M 110% Tools FB Sig 18.4 Parent Company Ltd buys shares in Subsidiary 1 and Subsidiary 2 on 31 December 20x7. You are to draft the consolidated balance sheet as at 31 December 20x8 from the following Parent Company Balance Sheet as at 31 December 20x8 E Investment Subsidiary 1: 80,000 shares Subsidiary 2: 30,000 shares Fixed assets Current assets 125,000 49,000 230,000 74.000 478,000 350,000 Share capital Profit and loss account: As at 31.12.20x7 Add Profit for 20x8 41,000 37,000 General reserve 78,000 50 000 478.000 Subsidiary 1 Balance Sheet as at 31 December 20X8 Fixed assets Current assets E 147,000 39,000 186.000 100,000 Share capital Profit and loss account: As at 31.12.20x7 Add Profit for 20XB 22,000 34000 General reserve (same as 31.12.20x7) 56,000 30.000 186.000 Chapter 18 Consolidation of balance sheetse basic mechanics Tool 18.2 Pa and Ma Ltd bought 60 per cent of the shares of son and Daughter Ltd on 31 March 20x4. The balance sheets of the two companies on 31 March 20x5 are as follows. You are to draw up a consolidated balance sheet as at 31 March 2oxs. Pa and Ma Balance sheet as at 31 March 2oxs E Investment in Son and Daughter Ltd: 60,000 shares bought 31.3.20X4 Fixed assets Current assets 64,000 190,000 46.000 300.000 200,000 Share capital Profit and loss account: As at 31.3.20x4 Add Profit for 20X5 31,000 39,000 General reserve 70,000 30,000 300,000 Son and Daughter Balance Sheet as at 31 March 20xs Fixed assets Current assets 112,000 21.000 133,000 100,000 Share capital Profit and loss account As at 31.3.2024 Less Loss for 20x5 16,000 (3.000) General reserve (unchanged since 20X1) 13,000 20 000 133.000

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