Molde Co acquired 95% of the issued share capital of Blacke Co on 30 June...

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Accounting

Molde Co acquired 95% of the issued share capital of Blacke Co on 30 June 20X1; both companies have a year end of 31 December . The profits before tax of the two companies for the year ended 31 December 20X1 as reported in their individual statements of profit or loss are: Molde Co 200,000 Blacke Co 150,000 In the consolidated statement of profit or loss for the year ended 31 December 20X1, what is profit before tax? Please select the right answer. 271,250275,000342,500350,000

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