Hamal, Ankit 1/11 answered Time Remaining Show QUESTIONS 6: CONSOLIDATION WORKSHEET ENTRIES (A) ACQUISITION ANALYSIS (5 MARKS) On 1 July 2021, ABC Ltd acquired all the issued shares of XYZ Ltd for $245,000. At this date, the equity of XYZ Ltd consisted of: Share capital $ 150,000 General reserve 30,000 Retained earnings 25,000 All the identifiable assets and liabilities of XYZ Ltd were recorded at amounts equal to their fair values except for: Carrying amount Fair value Plant (cost $200 000) $170,000 $190,000 Land 150.000 160,000 Inventory 30,000 40,000 All the identifiable assets and liabilities of XYZ Ltd were recorded at amounts equal to their fair values except for: Carrying amount Fair value Plant (cost $200 000) $170,000 $190,000 Land 150,000 160,000 Inventory 30,000 40,000 The tax rate is 30%. 06-A Required: Prepare an acquisition analysis at July 2023 by ABC Ltd. H- - B i A >> x x X x X 2. = 111 66