Kerri Limited has two subsidiary entities, Emily Limited and Georgia Limited. Kerri Limited owns 100% of the shares in both entities. Details of the issued share capital are: - Kerri Limited $200 000
- Emily Limited $60 000
- Georgia Limited $30 000
The consolidated share capital amount of the Kerri Emily Georgia group is:
A) $230 000.
B) $90 000.
C) $200 000.
D) $290 000.

Question

Quizplus · Accepted Answer

The consolidated share capital amount is the sum of the issued share capital of all the subsidiaries and the parent company. Therefore, the consolidated share capital is $200,000 + $60,000 + $30,000 = $290,000.

Kerri Limited Has Two Subsidiary Entities, Emily Limited and Georgia