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Corporate Accounting: Analysis of Consolidated Financial Statements

   

Added on  2023-06-04

9 Pages2098 Words385 Views
Running head: CORPORATE ACCOUNTING
CORPORATE ACCOUNTING
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Corporate Accounting: Analysis of Consolidated Financial Statements_1
1CORPORATE ACCOUNTING
Table of Contents
Answer to question 1..................................................................................................................2
Answer to Question 2.................................................................................................................3
Answer to Question 3.................................................................................................................4
Answer to Question 4.................................................................................................................5
Reference....................................................................................................................................9
Corporate Accounting: Analysis of Consolidated Financial Statements_2
2CORPORATE ACCOUNTING
Answer to question 1
a)
In the Books Of Small limited
Journal Entries
date Particulars Debit Credit
30-Jun-18 Profit on Fry ltd $24,000.00
To, Profit And Loss $24,000.00
Profit and loss $9,000.00
To, Current Tax $9,000.00
Dividend $24,000.00
Investment in Fry $24,000.00
30-Jun-19 Profit on Fry ltd $21,000.00
To, Profit And Loss $21,000.00
Profit and loss $7,500.00
To, Current Tax $7,500.00
Dividend $4,500.00
Investment in Fry $4,500.00
30-Jun-20 Profit on Fry ltd $18,000.00
To, Profit And Loss $18,000.00
Profit and loss $6,000.00
To, Current Tax $6,000.00
Dividend $3,000.00
Investment in Fry $3,000.00
b)
Corporate Accounting: Analysis of Consolidated Financial Statements_3

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