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Company Alpha has set up a subsidiary to deal with the distribution of its products by mail order. At 31 December 20X6 their respective statements of financial position were:

 

Parent

Subsidiary

Property, plant and equipment (net)

980

340

Investment in subsidiary

180

-

Loan to subsidiary

50

-

Current assets

360

195

Total assets

1 570

535

Share capital

800

180

Retained earnings Loan from parent

360-

- 50

Long-term borrowings

300

250

Current liabilities

110

55

Total equity and liabilities

1 570

535

Draw up a consolidated statement of financial position at 31 December 20X6.

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