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In addition, there are some intra-group transactions between Walker and Huong shown below: a. During the year, Walker sold inventory costing 3500 to Moss for
In addition, there are some intra-group transactions between Walker and Huong shown below: a. During the year, Walker sold inventory costing 3500 to Moss for 4200. At the end of the year, 30% of the inventory is still held on hand by Huong. b.on 1 July 2020, Moss sold a plant to Walker. The plant has carrying amount of 120,000. Moss sold it to Walker for 130,000 The remaining useful life is estimated to be 5 years. Required Prepare the Acquisition analysis, consolidation adjustments, consolidation worksheet and consolidated financial statements of Walker Manufacturing Ltd at 30 June 2021 Mark allocation Acquisition analysis Adjustments Worksheet Consolidated financial statements Total Out of Marks 19 37 16 18 80 In addition, there are some intra-group transactions between Walker and Huong shown below: a. During the year, Walker sold inventory costing 3500 to Moss for 4200. At the end of the year, 30% of the inventory is still held on hand by Huong. b.on 1 July 2020, Moss sold a plant to Walker. The plant has carrying amount of 120,000. Moss sold it to Walker for 130,000 The remaining useful life is estimated to be 5 years. Required Prepare the Acquisition analysis, consolidation adjustments, consolidation worksheet and consolidated financial statements of Walker Manufacturing Ltd at 30 June 2021 Mark allocation Acquisition analysis Adjustments Worksheet Consolidated financial statements Total Out of Marks 19 37 16 18 80
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