regarding AS-23
BRIGHT Ltd. Acquired 30% of East India Ltd. Shares for Rs. 2,00,000 on 01-06-09. By such an acquisition Bright can excise significant influence over East India Ltd. During the financial year ending on 31-03-09 East India earned profits Rs. 80,000 and declared a dividend of Rs. 50,000 on 12-08-2009. East India reported earnings of Rs. 3,00,000 for the financial year 31-03-2010 and declared dividend of Rs. 60,000 on 12-06-2010
Calculate the carrying amount of investment in
Consolidated financial statement of Bright Ltd. As on 31-03-2010
Can anyone pls solve ???? its very urgent ????
CAclubindia
