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I am facing problem to solve this question On 1 July 2014 Padma Led acquires 25 per cent of the issued capital of Jamuna Led

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On 1 July 2014 Padma Led acquires 25 per cent of the issued capital of Jamuna Led for a cash consideration of $360 000. At the date of acquisition, the shareholders' equity of Jamuna Led is: Share capital $450 000 Retained earnings 5300 000 Total shareholders' equity 750 900 Additional information On the date of acquisition, buildings have a carrying amount in the accounts of Jamuna Led of $240 000 and a market value of $300 0DO. The buildings have an estimated useful life of 10 years after 1 July 2014. . For the year ending 30 June 2015 Jamuna Led records an after-tax profit of $90 000, from which it pays a dividend of $30 OOD. . For the year ending 30 June 2015 Jamuna Led records an after-tax profit of $300 000, from which it pays a dividend of $150 000. . Assume a tax rate of 30% is assumed

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