E13.13 On january 1, 2020, lennon enterprises acquires 100% of ono ltd. for 220.000 in cash. the condensed statements of financial position of the two companies immediatelt following the acquisition as follows. prepare consolidated worksheet when cost equals book value. lennon ent. onno ltd. plant and equipment 300.000. 220.000 investment in ono ltd. ordinary shares. 220.000 current assets. 60.000. 50.000 580.000. 270.000

share capital ord. 230.000. 80.000 retained earnings. 170.000. 140.000 current liabilities. 180.000. 50.000 580.000. 270.000

instruction prepare a worksheet for a consolidated statement of financial position.

E13.14 Data for the lennon and ono companies are presented in e13.13. assume that instead of paying 220.000 in cash for ono ltd., lennon enterprises pays 225.000 in cash. thus. at the acquisition date. the asset of lennon enterprises are current assets 55.000, investment in ono ltd ordinary shares 225.000 and plant equipment 300.000 prepare a consolidated worksheet when cost exceed book value -instructuon prepare a worksheet for a consolidated statement of financial position