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
Brabham Enterprises manufactures tires for the Formula One motor racing circuit. For August 2011, Brabham budgeted to manufacture and sell 3,000 tires at a variable cost of $74

Calculating Present Value [LO2]  You have just received notification that you have won the $1 million first prize in the Centennial Lottery.  However, the prize will be awarded on

1) A magazine offers a one-year subscription at a cost of 15 with renewal the following year 16.50. Also offered is a two-year subscription at a cost of 28. What is the effective a

Q. What do you mean by Reasonable Assurance? Reasonable Assurance - Management's assessment of effectiveness of internal control over financial reporting is expressed at the le

The forecast income statements are as follows: WORKINGS Sales = 50000 × 1·12 = $56000000 Variable cost of sales = 30000 × 1·12 × 0·85 = $28560000 Fixed cost of sa

Uniform Accountancy Act (UAA) - UAA is the proposal for a new regulatory framework for the public accounting profession that was developed jointly by the American Institute of Cer

evaluate the importance of leverage in financial management of a small scale business

The following items are found in the trial balance of M/s Sharada Enterprise on 31st December, 2000. 10 marks Summer 2013 Sundry Debtors Rs.160000 Bad Debts written off Rs 9000 Dis

New Rules SEC i) Effective for years after December 15, 2006 ii) New Disclosures mandated (1) Fair value of options on grant date (2) Value of grant per 123R (3) Cl

EXECUTORSHIP Executorship is the body of statute law, case law and practice concerning the management of the estate of a deceased person. In what follows, we shall express the