Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

folisin- The land had a carcyeng amourt to 21G ttd of 5150000 , The costs abwoclated with the issue of shares in 7 G thd

image text in transcribed
folisin- The land had a carcyeng amourt to 21G ttd of 5150000 , The costs abwoclated with the issue of shares in 7 G thd were 5:000. Fhe contingent consideration is for additional shates in ziG thd that will be ispoed if financial performance thagets are met in the first 12 . months after the transaction. What will z1G tid record for the land on 1 july 2022 before recognising the convideration trarsferted at fair valuae? a. DR Land $100000 CR. Gain on Remeasurement (OCD $100000 b. DR tand $100000 CR. Gain on Remeasurement $100000 C. DR. Land $100000 CR Consideration Payable $100000 d. DR. Land $250000 CR. Cash $250000 folisin- The land had a carcyeng amourt to 21G ttd of 5150000 , The costs abwoclated with the issue of shares in 7 G thd were 5:000. Fhe contingent consideration is for additional shates in ziG thd that will be ispoed if financial performance thagets are met in the first 12 . months after the transaction. What will z1G tid record for the land on 1 july 2022 before recognising the convideration trarsferted at fair valuae? a. DR Land $100000 CR. Gain on Remeasurement (OCD $100000 b. DR tand $100000 CR. Gain on Remeasurement $100000 C. DR. Land $100000 CR Consideration Payable $100000 d. DR. Land $250000 CR. Cash $250000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Communication Audit In Globally Integrated R And D Project Teams

Authors: Justyna Alnajjar

1st Edition

3631666608, 978-3631666609

More Books

Students also viewed these Accounting questions

Question

Distinguish between formal and informal reports.

Answered: 1 week ago