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a holding company has 2 subsidiary companies S1 & S2. S1 holds preference share of S2 which has been purchased during the year. the financial position at the end of the year is as follow comany S1 :- Investment 115000 Comapny S2 :Preference share 100000 and securities premium rs.15000 means preference shae has been issued with premium of Rs.15000 Please explain the treatment of the following on consolidation. and one more point whether preference dividend has to be provide for as per AS 21
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