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During the year-ended 30 June 2019 Blue Ltd recorded the following in its own accounts: $40,000 bonus share issue from revaluation surplus $60,000 transfer to
During the year-ended 30 June 2019 Blue Ltd recorded the following in its own accounts: $40,000 bonus share issue from revaluation surplus $60,000 transfer to general reserve from ret. Earnings Cash dividend paid of $10,000 Dividend declared but unpaid at year-end of $20,000 Required: Conduct an acquisition analysis; and Record the required consolidation adjustment entries for the group
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