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A ltd intends to acquire a controlling interest in B ltd , a company incorporated four years ago , by purchase of its shares .
A ltd intends to acquire a controlling interest in B ltd , a company incorporated four years ago , by purchase of its shares .The statement of financial position of B ltd as of June 30 , 2009 is as follows:'B' Limited Statement of Financial PositionAs at June 30, 2009Assets368,48027,00017,000Current Assets153,41090,37027,100683,360Share Capital and Reserves215,000173,63023,140Current Liabilities 251,34020,250683,360The historical performance of 'B' limited has been as followsProfit after Tax35,67042,15047,080Following forecast is available from 'B' Limited's long term plan (LTP)
