Show the change in equity, Financial Accounting

A parent has had a controlling interest of 60% in its subsidiary for a number of years.

Below are financial statement extracts of the two companies for the year ended 30 June 2011:

                                                                                          Parent         Subsidiary
                                                                                            $'000             $'000
Total comprehensive income                                                2,364             880
Dividends paid                                                                      (120)             (50)
New share capital issued during the year (nominal value + premium on issue)
500 200
 
The share capital issued by the subsidiary was issued in proportion to ownership rights of existing owners.
 
Requirement

Show the change in equity reported in the consolidated statement of changes in equity of the parent (allocated between amounts due to equity holders of the parent and non-controlling interests).

Posted Date: 3/15/2013 3:00:22 AM | Location : United States







Related Discussions:- Show the change in equity, Assignment Help, Ask Question on Show the change in equity, Get Answer, Expert's Help, Show the change in equity Discussions

Write discussion on Show the change in equity
Your posts are moderated
Related Questions
FORMAT FOR BALANCE SHEET The non current assets, current assets and current liabilities sections remain identical to those of a sole proprietorship.  However, the “capital sect

Does a state have the authority to require a U.S.-based multinational corporation to compute its state taxable income on a worldwide combined reporting basis? What about a foreign-

A parent has had a controlling interest of 60% in its subsidiary for a number of years. Below are financial statement extracts of the two companies for the year ended 30 June 20

Answer to Question Six   Summarised consolidated statement of comprehensive income for the A group for the year ended 30 September 2010 All workings

You were hired as a consultant to Giambono Company, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.00%, the cost

Prepare the journal entries required to record the following transactions of a nongovernment, not-for-profit organization.   1. Unrestricted cash contributions received durin

Suppose the interest rate for a one-period bond is 4% between the current period and the next. Then the rate becomes 5% for ever. (a) What is the price of an asset paying (1,1,1

Show all support work for your calculations. 1.  Simple Interest versus Compound Interest [LO1]  First City Bank pays 7 percent simple interest on its savings account balances,

Q. Standards for Accounting and Review Services? Statements on Standards for Accounting and Review Services (SSARS) - Statements issued by AMERICAN INSTITUTE OF CERTIFIED PUBLI

Resolution For Voluntary Winding Up A company may be put into voluntary liquidation: 1) By ordinary resolution: where any period fixed for the duration of the company has ex