Gimmie Ltd. is a multinational company with operations involving the resale of technological products. Many of their products are acquired in locations where labour costs are cheaper. Brown Ltd. is a local business with a range of loyal suppliers. The location and the loyalty of their suppliers attracted the attention of the directors of Gimmie Ltd. In January 2022, Brown Ltd. disclosed that their lack of cash flow had impacted upon their operations. Gimmie Ltd. decided that Brown Ltd. would be a good acquisition. During a meeting, the CEO of Gimmie Ltd. stated they [Brown Ltd.] have management issues, which we dont. It is an easy fix for us. In the same meeting, the CEO made a statement that the acquisition was to help Gimmie Ltd.s results look better. The accounting department of Gimmie Ltd. discussed two major possibilities with respect to the consideration to be transferred. Option one involved Gimmie Ltd. paying $200,000 to Brown Ltd, which would resolve all cash flow matters. Option two would be for Gimmie Ltd. to transfer $300,000 cash to Brown Ltd. On 1 July 2022, Gimmie Ltd. acquired all the share capital of Brown Ltd. At that date, Brown Ltd.s equity consisted of the following: Share Capital 150,000 General Reserve 30,000 Retained Earnings 60,000 On the date of acquisition, all the assets and liabilities of Brown Ltd. were at fair value, except for Land. Land was recorded at a cost of $120,000, but had a fair value of $100,000. . Consider both options 1 and 2: 1: Purchasing Brown Ltd for a cash transfer of $200,000 2: Purchasing Brown Ltd for a cash transfer of $300,000. Required Critically evaluate both scenarios considering the impact of each on the consolidated financial statements. In your evaluation, consider whether a goodwill or a gain on purchase is generated, the impact on consolidated financial statements, and the ethical impact on users (financial and non-financial) inherent in each scenario. As a critical thinker, you are encouraged to provide your opinion on which option would be better and whether the purchase is appropriate. Note this is a discussion question.( 1,000 words)