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hi can anyone help me please it's a corporate accounting question and seen exactly same question here but did not find the whole solution e
hi can anyone help me please
it's a corporate accounting question and seen exactly same question here but did not find the whole solution
e Q Search the web a D: New Tab x H- ACC204-Corporate Accounting Assignment-0120-Marking Guide (3) - Microsoft Excel File Home Insert Page Layout Formulas Data Review View X Cut Calibri PW Ted Copy Paste Br Format Painter A. EU Merge Center .. Conditional Format Cell Tomingas Tables Clipboard Fant Alignment Number E1 for Select your student number from the drop down list A B D E F 97 A Insert Delete Form Auto- F- Sort & Find Clear Fiter. Select Editing Celik G 9 Assignment Question 10 Nina Ltd purchased 99% of the issued shares of Carl Ltd for $2081000 on 1 July 2018 when the equity of Carl Ltd was as follows; 11 12 Smare capran 1832TUU 13 Generarreserve 162 JUU 14 setTevar TOT SUTUSS 1312TSU At this date, Carl Ltd had not recorded any goodwill, and all identifiable assets and liabilities were recorded at fair value except for the followings: 15 Carrying Further Account Cost Fair value 16 Amount life(Years) 17 Inventories $62,400 $68,600 18 Land $156,000 $172,000 19 Equipment $242,500 $194,000 $233,000 8 Carl Ltd identified at acquisition date a contingent liability related to a HR Assignment question Ready O BI a Type here to search 19:06 3005/20.20 COQ Search the web New Tab a D M. ACC204 Car Accounting formant-002 Marking Guide - Micro File Inter Page Layout x Formula Data Re out 33 AL Copy Wrap To 27 A Paste Format Ranter Connon Fox Cell vierte Format Sortea Font Formatting Tube Styles 2 SH Style C Eing 111 - 11701549 A B C D F F G H 1 19 Equipment $242,500 $194,000 S233,000 8 Carl Ltd identified at acquisition date a contingent liability related to a 20 lawsuit where Carl Ltd was sued by a former supplier $25,000 Carl Ltd had unrecorded and internally generated Patent with the 21 FairValue of: $62,000 Carl Ltd had unrecorded and internally generated in-process research 22 and development with the FairValue of: $47.000 23 60% of inventory on hand at 1 July 2018 were sold by 30 June 2019. Further life of the assets are listed on the above table, Partial goodwill method is under use and Taxi 24 25 Required 26 1- Prepare the acquisition analysis at acquisition date. 27 2- Prepare the business combination valuation entries and pre-acquisition entry at acquisition date. 28 3. Prepare the journal entry to recognise NC at acquisition date. 29 4-Prepare the consolidation worksheet entries at 30 June 2019. Assume a profit for Carl Ltd for the year ended 30 June 2019 of $72200. * Assignment question Rea Type here to search BI KO 10 a 1907 300MB Search the web a Di New Tale - Hile Heme Page Layout For ACC-Corporate Accounting Assignment 0120 Making Guide th Momo View Data X A + 12 A To Wropred Pass Copy Farat er upboard YA Rage Center Algsent 43 Condition Format Cell FTS De F FE 20 Font 11701549 Sortid -- Editing BI - - A B C D E F G 30 5- Explain how the step 1 to 4 will change if the full goodwill method is used. 31 6. List and explain the accounting standards issues relevant to the consolidation process. 32 7. Compare in detail the current situation with the case that Nina Ltd acquires only 20% of issued shares of Carl Ltd with a significant influence on Carl Ltd. 33 34 35 36 37 38 39 40 41 42 43 44 45 Assignment question 1902 Ready 02120 O BE e a Type here to searchStep by Step Solution
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