Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. answer current accounts and cash in transit dr

answer Current accounts and cash in transit Draf SFPs of Plant...

50.1K

Verified Solution

Question

Accounting

answer
image
Current accounts and cash in transit Draf SFPs of Plant acd Strub on 31 March 2a7 are as foliows utatement of finasciai position Motest - Plant bought 80.000 shares in Shrub in 201 when Shrabis. reserves included a share prernium of 530.000 and retained protes of $5,000 - Planf's accourts show 56.000 owng to Shtub. Shrubly accourts show \$8,000 owed by Plant. The difference is exglained as cash in transit. - No impairment of goodwil has occurred to date - Plant uses the proportion of net assets method to value the nos poctroling interest. Prepare a consolidated stakement of fraveisel position as at 3t March 207

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

THE FISH I caught a tremendous fish and held him beside the boat half out of...

Biology
1.2K views

Which statement BEST describes how mutations are related to evolution O Mutations are eliminated by...

Biology
1.2K views

We are doing an immunoblot and following color staining get the shown result What are...

Basic Math
1.2K views

Solve the given equation 0 9 2x Question 1 of 20 The solution s is...

Calculus
1.2K views

6 Use the change of base formula to change the following to a common logarithm...

Algebra
1.2K views

Use the circle to find the length of the indicated arc Round your answer to...

Accounting
1.2K views

Todd Gonzalez salary was $135,000 in 2019. The social security base amount for 2019 was...

Accounting
1.2K views

Rupert's Appliance Warehouse (RAW) delivers appliances to retailers throughout the city. The firm...

Accounting
1.2K views

Intro Square Root Beer Inc. has $71 million in current assets and $101 million in...

Accounting
1.2K views

Question 21 (9 points) Comparative data, in thousands, is given below for the Martin Company...

Finance
1.2K views

Sutosave question4526418 0 Up A linear programming computer package is needed The Westchester Chamber of...

Accounting
1.2K views

A company purchased inventory for $3,000 from a vendor on account, FOB shipping point, with...