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MC Question 14
On 1 October 20X5, Anita Co purchased 75,000 of Binita Co’s 100,000 equity shares when Binita Co’s retained
earnings amounted to $90,000.
On 30 September 20X7, extracts from the statements of financial position of the two companies were:
| Anita Co | Binita Co | ||
|---|---|---|---|
| $’000 | $’000 | ||
| Equity shares of $1 each | 125 | 100 | |
| Retained earnings | 300 | 150 | |
Total | 425 | 250 |
What is the total equity attributable to the owners of Anita Co that should appear in Anita Co’s consolidated
statement of financial position as at 30 September 20X7?
A $125,000
B $470,000
C $345,000
D $537,500