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Ican Students Let Met Here by Oblajude(m): 9:26pm On Sep 04, 2013
Can we use this media to discuss exam issues ,solve past examination questions & predict possibe exam question for this Nov. Diet . I think it will be of a help. What do u think as well ?
Re: Ican Students Let Met Here by Bakare19: 10:10pm On Sep 04, 2013
@poster,you need to edit the topic. .
Re: Ican Students Let Met Here by Oblajude(m): 4:00pm On Sep 06, 2013
Let work this example (1) Jude plc holds 300,000 ordinary shares in Eith ltd which it acquired many yrs ago when d p&l account of d Company stood at #4.18m . D share capital of Edith them was 400,000 ordinary shares & has remained d same ,since dt date. Edith ltd acquired 80 % of d 500,000 ordinary shares of Eucharia ltd later when d bal in dt Company 's p&l was #4.8m . Div .ordinary shares proposed : Jude 400, Edith 320 , Eucharia 240. Transfer to reserves : Jude 2,400 , Edith 1,200 Eucharia 800 . Retained profit brought forward : Jude 9,230 ,Edith 7,200, Eucharia 6,400 . Profit on ordinary actv after tax (Group): jude 9,970, Edith 7,500 , Eucharia 5,080 . Required : prepare group Minority Interest , transfer to Reserve & retained profit brought forward . Good luck.
Re: Ican Students Let Met Here by Aliyubest(m): 9:00pm On Sep 06, 2013
Ok, it wasnt easy but tried my best...
Group minority int. -N9187000
group transfer to reserve- N3780000
group retained profit -N31557000
Oblajude: Let work this example (1) Jude plc holds 300,000 ordinary shares in Eith ltd which it acquired many yrs ago when d p&l account of d Company stood at #4.18m . D share capital of Edith them was 400,000 ordinary shares & has remained d same ,since dt date. Edith ltd acquired 80 % of d 500,000 ordinary shares of Eucharia ltd later when d bal in dt Company 's p&l was #4.8m . Div .ordinary shares proposed : Jude 400, Edith 320 , Eucharia 240. Transfer to reserves : Jude 2,400 , Edith 1,200 Eucharia 800 . Retained profit brought forward : Jude 9,230 ,Edith 7,200, Eucharia 6,400 . Profit on ordinary actv after tax (Group): jude 9,970, Edith 7,500 , Eucharia 5,080 . Required : prepare group Minority Interest , transfer to Reserve & retained profit brought forward . Good luck.
Re: Ican Students Let Met Here by Oblajude(m): 7:30am On Sep 07, 2013
Mr. Aliyubest , i will be happy if u will show ur workings so dt others will lean. U got group transfer to reserves right but still try for others . Thanks .
Re: Ican Students Let Met Here by Oblajude(m): 10:22am On Sep 09, 2013
More answers
Re: Ican Students Let Met Here by Aliyubest(m): 2:33pm On Sep 13, 2013
Oblajude: Mr. Aliyubest , i will be happy if u will show ur workings so dt others will lean. U got group transfer to reserves right but still try for others . Thanks .
just recieved tutorial on it , i ll give u d solution soon, pls use d signature feature to promote dis topics pld. tenks

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