(B) CONSOLIDATION WORKSHEET ENTRIES (3+3+2+2=10 MARKS) Note: The following questions in this part are independent of each other. (1) On 1 June 2021, ABC Ltd acquired all the issued shares in DEF Ltd. At that date, th inventory of DEF Ltd had a fair value of $1 000 more than it carrying amount. By 30 Jun 2021, all of the inventory remains unsold. The company tax rate is 30%. What is the busines combination valuation consolidation adjustment for inventories as at 30 June 2021?( Marks) (2) On 1 July 2020, ABC Lid acquired all the issued shares in DEF Ltd. At that date, the Lar of DEF Ltd had a fair value of $10 000 more than it carrying amount. The Land was sold XYZ Ltd. on 1 May 2021. The company tax rate is 30%. What is the business combinati valuation consolidation adjustment for land as at 30 June 2021? (3 Marks) (3) In the previous accounting period, which was ended on 30 June 2020, the acquired goodw was regarded as having become impaired by $10 000. What is the appropriate consolidati adjustment in relation to the impairment of the goodwill in the current period on 30 Ju 2021? (2 Marks) (4) On 1 July 2021, ABC Limited acquired all the issued shares of DEF Limited for $350 when the equity of DEF Limited consisted of: Share capital $130 000 Retained earnings 120 000 General Reserve 100000