Wholly-Owned Subsidiary Has the Following Balances at Control Date 20X1

question 2

True/False

Wholly-owned Subsidiary has the following balances at control date 20X1:
$$\begin{array} { l l } \text { Capital } & \$ 500000 \\\text { Asset revaluation reserve } & \$ 200000 \\\text { Retained profits } & \$ 100000\end{array}$$
During 20X2 Subsidiary generates $100 000 profits and revalues plant downwards by $375 000.The asset revaluation reserve all relates to previous revaluation of plant.
During 20X3 Subsidiary incurs $50 000 of losses.
The substitution elimination in 20X3 for retained profits would be Cr.$25 000.

---

Definitions:

Eclampsia

A severe complication of pregnancy characterized by high blood pressure and signs of organ damage, often leading to seizures.

Menarche

The first occurrence of menstruation in a female, marking the onset of reproductive capability.

Menstrual Synchrony

Simultaneous menstrual cycles that occur among women who work or live together.

Menopause

The time in a woman's life, typically between ages 45 and 55, when her menstrual cycles cease, marking the end of reproductive capability.