I’ll send screeshots

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I’ll send screeshots
Answered Same DayFeb 20, 2021

Answer To: I’ll send screeshots

Himanshu answered on Feb 20 2021
157 Votes
1 b
2 b
3 b
4 a
5 b
6 b
7 b
8 a
9 d
10 c
11
The associate company, in its widest possible context is a company in which the parent company has a shareholding. Generally
, the parent business owns only a minority shareholding in the associate company, as compared to the subsidiary company in which the huge percentage shareholding is held. Firms holding stakes in associated firms must appropriately disclose those investments on their consolidated accounting declarations. Associated entities are enterprises or other bodies which are in some way linked to each other. For example, when 1 business owns or regulates the other company for the motive of a transfer of business.
12
A wholly owned subsidiary is a corporation whose ordinary shares is 100% bought by another corporation, the parent company. Whereas a business may become a wholly owned subsidiary via an acquisition by the holding corporation or a spin-off from the parent firm the regular subsidiary is 51 to 99 per cent controlled by the holding company. The parent corporation controls all the shareholdings of the wholly-owned subsidiary, there are no minority shareholders.
13
Acquisition analysis:
    Amount Paid
     $ 17,00,000.00
    
    
     
     
    
    
     
     
    
    
    share capital
    600000
    
    
    RE
    500000
    
    
    Reserves
    280000
    
    
     
     
    
    
     
    1380000
    
    
     
     
    
    
    Goodwill
     $ 3,20,000.00
    
    
    
    
    
    
    
    
    
    
     
     
    Fair value
     
    patent
    110000
    140000
     
    Inventory
    58000
    90000
     
    Equip
    220000
    260000
     
     
     
     
     
     
    388000
     $ 4,90,000.00
     $ 1,02,000.00
    
    
    
    
    
    
    
    
    
    
    
    
     
    Dr
    cr
    
    cash
     
     $ 17,00,000.00
    
    Assets
     $ 13,80,000.00
     
    
    Goodwill
     $ 3,20,000.00
     
    
14
A
Debit cash $90,000 to...
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