Question

1 State with reasons whether the following statements are true or false:
w Dividends received by the holding company, from the subsidiary company out of
pre-acquisition profits can be transferred to the Statement of Profit and loss of the
holding company
() Dividends received by the holding company from the subsidiary company out of
post-acquisition profits cannot be credited by the holding company to its Profit and
Loss Account
( Preference share capital of the subsidiary company is shown in the consolidated
balance sheet
(d) Pre-acquisition general reserve of the subsidiary company is shown in the consolidated
balance sheet
(e) Investment in equity share capital as well as investment in preference share capital are
eliminated in the consolidated balance sheet​

Answer 1

the question is too big to answer