Requirement showing all relevant |


(Uptown Ltd and Downtown Ltd, investment in associates, IAS 28)On 1 Jan 2020, Uptown Lid acquired a 40% stake in Downtown Ltd for $220,000 cash. Atthe time of the acquisition, Downtown’s share capital was $300,000, its retained earningswere $200,000, and all its assets and liabilities were fairly valued.Below are the summarized financial statements of Downtown Ltd for the years ended 31 Dec2020 and 2021. Downtown did not pay any dividends during 2020 and 2021.#+FYE 31 Dec ($’000)20202021Profit & Loss Statement:Revenues1,4001,550Expenses(1,650)(1,900)Net Profit (Loss) after tax(250(350)Balance Sheet:Cash210170Other assets1,8001,700Total Assets2,0101,870Total Liabilities1,7601,970Share capital300300Retained earnings(50)(400)Liabilities & Equity2,0101,870

Don't use plagiarized sources. Get Your Custom Essay on
Requirement showing all relevant |
Just from $13/Page
Order Essay

Show more


Source link

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 15% with the discount code BANANA