Tag Archives: financial statement

Discuss the validity of Pandar evaluating Jolly’s consolidated financial statements when deciding on whether to accept the order and grant credit terms to Trilby.

On 1st April 2019 Pandar purchased 80% of the equity shares in Salva. The acquisition was through a share exchange of three shares in Pandar for every five shares in Salva. The market prices of Pandar’s and Salva’s shares at 1st April 2019 were £6 and £3.20 respectively. The summarised income statements for the two […]