Page 330 - F3 -FA Integrated Workbook STUDENT 2018-19

Chapter 21

Example 2e

Extract from Hide and Seek example:

(iv) At the reporting date, Hide had a receivable due from Seek for $2,000,
and Seek had a payable due to Hide for the same amount.

Required:

Confirm the adjustment required to cancel the intra-group balances from
the amounts included in the statement of financial position and complete
the consolidated statement of financial posiotion for the Hide Group as
at 31 December 20X5.

Solution

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