Question 6.4: We will now assume that parent company (P Ltd) owns only 80 ...

Accounting for Non-Accountants

We will now assume that parent company (P Ltd) owns only 80 per cent of a subsidiary company (S 80% Ltd) which was set up in conjunction with another company who provided the other 20 per cent of the share capital. The relevant balance sheets are now set out in Figure 6.7.

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