Fin611 GDB No. 3 - solution soon
Thursday, June 30, 2011 Posted In Fin Edit ThisSemester “Spring 2011”
“Subject Name (FIN611)”
This is to inform that Graded Discussion Board (GDB)
Has been opened according to the following schedule
Schedule
Opening Date and Time
June 30 , 2011 At 12:01 A.M. (Mid-Night)
Closing Date and Time July 04 , 2011 At 11:59 P.M. (Mid-Night)
Note: No extra or bonus/grace period is available for attempting GBD.
Discussion Question
The extracts from the draft balance sheet of Holding Company Limited as on 31st December, 2010 are:
Fixed asset Rs. 2,000; Investment in Subsidiary Company Limited Rs. 1,000; Current assets Rs.800; Share capital Rs. 2,400; Reserves Rs. 1,200; and Current liabilities Rs. 200.
The balance sheet of Subsidiary Company Limited revealed some of the following item on the similar date:
Fixed asset Rs. 900; Current assets Rs.300; Share capital Rs. 600; Reserves Rs. 400; and Current liabilities Rs. 200
The Holding Company Limited has acquired 90% share of the Subsidiary Company Limited on 1st January, 2010 when Subsidiary company’s reserves were worth Rs. 240. Goodwill impaired with Rs. 66 during the year.
Required: Calculate the amount of Goodwill, Group reserves and Minority interest to be appeared in the consolidated balance sheet of the Holding Company Limited as on 31st December, 2010.
Instructions:
Read the following instructions before giving your comments on GDB:
1.Use the font style “Times New Roman” and font size “12”. 2.Your answer should be relevant to the topic i.e. clear and concise. 3.Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.4.Books, websites and other reading material may be consulted before posting your comments but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0). 5. Obnoxious or ignoble answer should be strictly avoided.
“Subject Name (FIN611)”
This is to inform that Graded Discussion Board (GDB)
Has been opened according to the following schedule
Schedule
Opening Date and Time
June 30 , 2011 At 12:01 A.M. (Mid-Night)
Closing Date and Time July 04 , 2011 At 11:59 P.M. (Mid-Night)
Note: No extra or bonus/grace period is available for attempting GBD.
Discussion Question
The extracts from the draft balance sheet of Holding Company Limited as on 31st December, 2010 are:
Fixed asset Rs. 2,000; Investment in Subsidiary Company Limited Rs. 1,000; Current assets Rs.800; Share capital Rs. 2,400; Reserves Rs. 1,200; and Current liabilities Rs. 200.
The balance sheet of Subsidiary Company Limited revealed some of the following item on the similar date:
Fixed asset Rs. 900; Current assets Rs.300; Share capital Rs. 600; Reserves Rs. 400; and Current liabilities Rs. 200
The Holding Company Limited has acquired 90% share of the Subsidiary Company Limited on 1st January, 2010 when Subsidiary company’s reserves were worth Rs. 240. Goodwill impaired with Rs. 66 during the year.
Required: Calculate the amount of Goodwill, Group reserves and Minority interest to be appeared in the consolidated balance sheet of the Holding Company Limited as on 31st December, 2010.
Instructions:
Read the following instructions before giving your comments on GDB:
1.Use the font style “Times New Roman” and font size “12”. 2.Your answer should be relevant to the topic i.e. clear and concise. 3.Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.4.Books, websites and other reading material may be consulted before posting your comments but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0). 5. Obnoxious or ignoble answer should be strictly avoided.
