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Pumice acquired 80% of the equity share capital of Silverton at a cost of $13. Million. The summarised draft Statements of FINANCIAL POSITION of the three companies at 31 March 2006 are: Pumice $'000 Non-current assets Property, plant and equipment investments investments current assets Total assets 15,000 61,000 Silverton $'000 8,500 nil 8,500 8,000 16,500 Amok $'000 16,500 1,500 18,000 11,000 29,000 equity and liabilities equity shares of $1 each
Pumice acquired 80% of the equity share capital of Silverton at a cost of $13. Million. The summarised draft Statements of FINANCIAL POSITION of the three companies at 31 March 2006 are: Pum…