2. The Time interval between the date of acquisition of shares in
subsidiary company and date of Balance Sheet of Holding
Company is known as:
i Pre-acquisition period
ii) Post-acquisition period
iii) Pre-commencement period
iv) Pre-incorporation period.
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Answer:
Issue of bonus shares out of pre acquisition profit or reserves will have no effect on the consolidated balance sheet. True.
Financial Accounting: Corporate Accounting
Management Accounting: Chapter Wise MCQs
Explanation:
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