Bauwesen/punement. The content Remaining Timethours, 36 minutes, 00 seconds. QUESTION COMPLETION STATUS: Question 22 10 points SARINGA On hy 2020, JC Ltd acquired 40 of the issued ordinay shares of Super Lead for $180,000 eruity of Super Electricated at that date was as follows. Ordinary shares Retained earnings 300,000 25.000 All assets were recorded at tale value except for the following Motor vehicles Inventory $120.000 521.000 Fair value $100,000 $30.000 By 30 June 2021, the Inventory on hand at 1 July 2020 had been sold to external parties. The motor vehicles had an estimated remaining selle of the years from 1 July 2020), and would then be scrapped. On June 2021. JOC Lad had purchased inventory from Super Electricallad for $78,000. Aprofit before tax of $12.000 had been made on the sale. All the inventory remains unsold by JDC Ldat 30 June 2021. As at 30 June 2021, the following relates to Super Electrical Ltd: Operating profit before income tax Income tax expense Dividends paid 125,000 30,500 20,000 QUESTION COMPLETION STATUS 51 Motores Inwentary SOMO By 30 June 2021, the inventory on land at ly 2020 had been sold to external parties. The motor vehicles had an estimated remaining useful le of three years from July 2020), and would then be scrapped On1 June 2021, JDC Ld had purchased inventory from Super Electrically for $28,000. Aprofit before tax of 512.000 had been made on the sale. All the inventory remains unsold by JDC Ltd at 30 June 2021 As at 30 June 2021, the following relates to Super Electrical Operating profit before income tax Income tax expense Dividends paid 125,000 30.500 20,000 The tax rate is 30% Required: Answer this question in an excel or word file and upload the file when completed. Name your file in your last name and student iD. a. Prepare an acquisition analysis in relation to the acquisition made by JDC Lid. (2 marks) 6. Prepare the equity journal entries to account for JDC Ltd's investment in Super Electrical Ltd for the year ended 30 June 2021, assuming that Joc Lid prepares consolidated financial statements. Show all workings. (8 markss) Attach File BROWSE LOCALES BROWSE CONTENT COLLECTION Bauwesen/punement. The content Remaining Timethours, 36 minutes, 00 seconds. QUESTION COMPLETION STATUS: Question 22 10 points SARINGA On hy 2020, JC Ltd acquired 40 of the issued ordinay shares of Super Lead for $180,000 eruity of Super Electricated at that date was as follows. Ordinary shares Retained earnings 300,000 25.000 All assets were recorded at tale value except for the following Motor vehicles Inventory $120.000 521.000 Fair value $100,000 $30.000 By 30 June 2021, the Inventory on hand at 1 July 2020 had been sold to external parties. The motor vehicles had an estimated remaining selle of the years from 1 July 2020), and would then be scrapped. On June 2021. JOC Lad had purchased inventory from Super Electricallad for $78,000. Aprofit before tax of $12.000 had been made on the sale. All the inventory remains unsold by JDC Ldat 30 June 2021. As at 30 June 2021, the following relates to Super Electrical Ltd: Operating profit before income tax Income tax expense Dividends paid 125,000 30,500 20,000 QUESTION COMPLETION STATUS 51 Motores Inwentary SOMO By 30 June 2021, the inventory on land at ly 2020 had been sold to external parties. The motor vehicles had an estimated remaining useful le of three years from July 2020), and would then be scrapped On1 June 2021, JDC Ld had purchased inventory from Super Electrically for $28,000. Aprofit before tax of 512.000 had been made on the sale. All the inventory remains unsold by JDC Ltd at 30 June 2021 As at 30 June 2021, the following relates to Super Electrical Operating profit before income tax Income tax expense Dividends paid 125,000 30.500 20,000 The tax rate is 30% Required: Answer this question in an excel or word file and upload the file when completed. Name your file in your last name and student iD. a. Prepare an acquisition analysis in relation to the acquisition made by JDC Lid. (2 marks) 6. Prepare the equity journal entries to account for JDC Ltd's investment in Super Electrical Ltd for the year ended 30 June 2021, assuming that Joc Lid prepares consolidated financial statements. Show all workings. (8 markss) Attach File BROWSE LOCALES BROWSE CONTENT COLLECTION