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Aamlus Bhd was formed on 1.1.2021 to take over ZAFUANBhd and AIOIL Ehd as from 1.1.2021: in the amalgamation, both comparies agreed on the following:-
Aamlus Bhd was formed on 1.1.2021 to take over ZAFUANBhd and AIOIL Ehd as from 1.1.2021: in the amalgamation, both comparies agreed on the following:- 1. Lambs ghd to toke cover all asset and liablitier both companies except Cash in Bank AolL Ehd amsunt EMA5,000 2. ADit Bhd paid cost of liquidation amount sM5,000. 3. Purchase consideration psid to ZAFUAN 8 d was 125,000 unit ordinary share e RMZ ,00 in tamlusfhd. The balance was puid by Cash. 4. Purchase consideration paid to AOIt Bhd was 200,000 unit ordinary share e kMz,00 and 50,000 unit 6% preference share eRM2.00 in lamlus Bhd. The balance was paid by Cash. 5. In the process of amalgamate, the asses were agreed to be taken over at the following value::- 6. Aamlus Bhd will paid the cort of preliminary expenses of Lamlus was RM5,000 by caih at bank 7. Lamlus ghd has been issued RM200,000 105 Debenture at par values to generate cash. You are required to prepare:- a. Goodwill or targain purchase calculation. b. Accounting entries for ZAFUAN Bhd. c. Al account levolve for ADIL Bhd. d. Statement of Financiat Position for hamlus bhd as at 11.2021 aher completion the process
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