ASSIGNMENT 1

4. Profits available after the date of acquisition.
5. The statement prepared by combining holding and subsidiary accounts.
8. Excess of net assets over purchase consideration.
11. Subsidiary’s profits earned before acquisition.
12. Profit on goods remaining unsold in subsidiary, purchased from holding, is called this profit.
13. The company which acquires the business.

1. The proportion of profits belonging to outsiders in a subsidiary company.
2. Type of amalgamation where one company acquires another and reserves are not carried forward.
3. Combined financial statement of holding and subsidiary.
6. Intercompany debtors and creditors must be this while preparing consolidated balance sheet.
7. Type of amalgamation where shareholders of transferor company continue as shareholders of transferee company.
9. The company whose business is taken over.
10. The amount paid by holding company over the net assets value of subsidiary.