1 style Ltd. acquired 30% of Ugly Ltd.'s shares on April 10.2017. the price paid was t 20.00.000.Equity shares (Paid up)5,00,000Securities Premium15.00,000Reserve5.00.00025.00.000Further, Ugly Ltd reported a net income of 13,00.000 and paid dividends of t1,00,000. Style Ltd. has subsidiary on31.3.17. Calculate the amaunt at which the investment in Ugly Ltd should be shown in the consolidated BalanceSheet of Style Ltd. as on 31.3,17.

In this case style Ltd has acquired 30% in Ugly Ltd which indicates that Style Ltd has significant…

Answered: Calculate the amount at which the…

Calculate the amount at which the investment in Ugly Ltd should be shown in the consolidated Balance Style Ltd. as on 31.3,17.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 25E

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Question

style Ltd. acquired 30% of Ugly Ltd.'s shares on April 10.2017. the price paid was t 20.00.000.
Equity shares (Paid up)
5,00,000
Securities Premium
15.00,000
Reserve
5.00.000
25.00.000
Further, Ugly Ltd reported a net income of 13,00.000 and paid dividends of t1,00,000. Style Ltd. has subsidiary on
31.3.17. Calculate the amaunt at which the investment in Ugly Ltd should be shown in the consolidated Balance
Sheet of Style Ltd. as on 31.3,17.

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