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I don't know why but the images are crystal clear and when I upload it into Cheegg the quality drops. have you guys done that
I don't know why but the images are crystal clear and when I upload it into Cheegg the quality drops. have you guys done that on purpose?
is there a way I can upload PDF file instead
ACCT2201 GROUP CASE STUDY SEMESTER 2 2020 On 1 July 2013 Tony Ltd acquired all of the share capital (cum div)of Claire Limited for a consideration of $600,000 cash and a brand with a far value of $50,000. At the date of acquisition Claire's accounts showed a dividend payable of 8,000 At acquisition date all the identifiable assets and abilities were recorded at fair value with the exception of ASSET Book Value Market Value inventory 10,000 14,000 Land 30.000 85,000 Plant 16.000 less depni (2000) 14,000 19.000 Acounts Receivable 20,000 18,000 The inventory was all sold by 30/6/14 The remaining useful life of the plant b Syean. The accounts receivable were collected by 30/6/14 for $18,000 The land was told on 30/17/16 for 590000. The plant was on hand still at 30/6/17 Al the date of acquisition the equity of Claire Ltd consisted of Share Capital 420,000 General Reserve 90.000 Retained Earnings 70.000 Information from the trial balances of Care Ltd and Tony lid at 10 June 2017 is presented overleaf Additional Information 1 on 1 Jan 2017 Tony Lid told Inventory to Claire Lid costing 560,000 lar $75,000. Hall of this Inventory was sold to outside panies by 30/6/17 2. On 1 Jan 2016 Tony Led sold inventory conting S9000 to Claire Lad for 516,000. Claire Ltd treats the item as equipment and depreciates it at 10% per annum. 10n 1 July 2016 Tony sold plant to Claire for $21,000. The plant had cost Tony $24,000 on 1 July 2014 and it was being deprecated at 10% per annum. Claire regards the plant as inventory The inventory was all sold by oth July 2016 4. A11 July 2016 Tony Lid held inventory that it had purchased from Claire Ltd on 1 June 2016 at a profit of 59000 All inventory was sold by 30 June 2017 5. Caire Lid accrues dividends from Tony Lad once they are declared. 6. Claire Lid has earned $1200 in interest revenue in the 2017 financial year from Tony Lrd. 7. Claire Ltd has earned 50 in service revenue in the 2017 financial year from Tony Lid B. Asume a tax rate of one Required A Prepare the acquisition analysh at 1 y 2011 Man 12 ---2-code-1-a.com L Prepare the consolidation worksheet for the preparation of the consolidated financial statements for the period ended 30 June 2017 F. Prepare the consolidated statement of profit or lou and other comprehensive intente, the consolidated balance sheet and the consolidated statement of charges in equilty for the period ended 30 June 2017 Presentation Your work should be prepared using an facel spreadsheet and saved as a Por to be submitted via LMS by the due date Claire tid DR Ar 10 June 2017 Tony Ltd CR 1.247.100 DA 952,500 161.00 17 000 1.500 9.300 4.000 $4,000 22,000 2000 4.800 5,600 6. DOO 5600 7.000 5.000 7.000 1 200 5,500 97 120 113 480 190,820 61,280 10.000 12 000 1000 2.900 Sales Sevenue Cost of Sales Warns and Stars Depreciation Lapers Service Expense terest Capente Other Lupen Gain on Lale al Non Current Asset Service Revenue interest Revenue Dividend Revenue income tax expensa Retained Earnings 12/16 Dividend Paid Dividend Declared Share Capital General Reserve Other Equity 12/16 Gaman Financial Assets 100 Loan Payable to Tony Ltd Deferred Liability Dividend Payable Shares in Claire Lid Cash Inventories Other Current Assets Dividend Recewable Lean receivable from Claire Financial Assets Plant and Equipment Ace Depreciation Plant Land 0.000 155.000 4.000 1.000 420.000 67.100 13,000 6,000 16,000 1.00 2.500 14.900 12.000 147.500 36,000 300.000 442.000 16.000 16.500 11.000 229.00 16.000 15.000 74.100 KL. 238.000 12.000 12.800 71.500 2.189.720 2.109.720 120.000 1.575.00 1.57 ACCT2201 GROUP CASE STUDY SEMESTER 2 2020 On 1 July 2013 Tony Ltd acquired all of the share capital (cum div)of Claire Limited for a consideration of $600,000 cash and a brand with a far value of $50,000. At the date of acquisition Claire's accounts showed a dividend payable of 8,000 At acquisition date all the identifiable assets and abilities were recorded at fair value with the exception of ASSET Book Value Market Value inventory 10,000 14,000 Land 30.000 85,000 Plant 16.000 less depni (2000) 14,000 19.000 Acounts Receivable 20,000 18,000 The inventory was all sold by 30/6/14 The remaining useful life of the plant b Syean. The accounts receivable were collected by 30/6/14 for $18,000 The land was told on 30/17/16 for 590000. The plant was on hand still at 30/6/17 Al the date of acquisition the equity of Claire Ltd consisted of Share Capital 420,000 General Reserve 90.000 Retained Earnings 70.000 Information from the trial balances of Care Ltd and Tony lid at 10 June 2017 is presented overleaf Additional Information 1 on 1 Jan 2017 Tony Lid told Inventory to Claire Lid costing 560,000 lar $75,000. Hall of this Inventory was sold to outside panies by 30/6/17 2. On 1 Jan 2016 Tony Led sold inventory conting S9000 to Claire Lad for 516,000. Claire Ltd treats the item as equipment and depreciates it at 10% per annum. 10n 1 July 2016 Tony sold plant to Claire for $21,000. The plant had cost Tony $24,000 on 1 July 2014 and it was being deprecated at 10% per annum. Claire regards the plant as inventory The inventory was all sold by oth July 2016 4. A11 July 2016 Tony Lid held inventory that it had purchased from Claire Ltd on 1 June 2016 at a profit of 59000 All inventory was sold by 30 June 2017 5. Caire Lid accrues dividends from Tony Lad once they are declared. 6. Claire Lid has earned $1200 in interest revenue in the 2017 financial year from Tony Lrd. 7. Claire Ltd has earned 50 in service revenue in the 2017 financial year from Tony Lid B. Asume a tax rate of one Required A Prepare the acquisition analysh at 1 y 2011 Man 12 ---2-code-1-a.com L Prepare the consolidation worksheet for the preparation of the consolidated financial statements for the period ended 30 June 2017 F. Prepare the consolidated statement of profit or lou and other comprehensive intente, the consolidated balance sheet and the consolidated statement of charges in equilty for the period ended 30 June 2017 Presentation Your work should be prepared using an facel spreadsheet and saved as a Por to be submitted via LMS by the due date Claire tid DR Ar 10 June 2017 Tony Ltd CR 1.247.100 DA 952,500 161.00 17 000 1.500 9.300 4.000 $4,000 22,000 2000 4.800 5,600 6. DOO 5600 7.000 5.000 7.000 1 200 5,500 97 120 113 480 190,820 61,280 10.000 12 000 1000 2.900 Sales Sevenue Cost of Sales Warns and Stars Depreciation Lapers Service Expense terest Capente Other Lupen Gain on Lale al Non Current Asset Service Revenue interest Revenue Dividend Revenue income tax expensa Retained Earnings 12/16 Dividend Paid Dividend Declared Share Capital General Reserve Other Equity 12/16 Gaman Financial Assets 100 Loan Payable to Tony Ltd Deferred Liability Dividend Payable Shares in Claire Lid Cash Inventories Other Current Assets Dividend Recewable Lean receivable from Claire Financial Assets Plant and Equipment Ace Depreciation Plant Land 0.000 155.000 4.000 1.000 420.000 67.100 13,000 6,000 16,000 1.00 2.500 14.900 12.000 147.500 36,000 300.000 442.000 16.000 16.500 11.000 229.00 16.000 15.000 74.100 KL. 238.000 12.000 12.800 71.500 2.189.720 2.109.720 120.000 1.575.00 1.57Step by Step Solution
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