Dear Friends,
There was a mistake in the question which is rightly pointed out by my friend Arihant marked in red
Please calculate the profit & loss Balance( Pre & post) & capital / Goodwill on consolidation to be considered for the purpose of analysis of networth for the following.
date of Acquistion- 1.10.04
Profit for the year ended of S Ltd 31.3.2005- 82,000
Profit as on 1.4.04 of S Ltd is 30,000/-
Balance sheet period is 1.4.04 to 313.05.
The company i.e S ltd declared a dividend of 10% .
Share capital of S Ltd is 2,00,000/- (20,000) shares of Rs. 10/ each
Investment in shares of S Ltd -done by H ltd is 16000 shares purchased at 340000/-
Please do the needful.
CAclubindia
