moodle.kok.edu.au/moodle/mod/quiz/attempt.php?attempt-5923314omid-1426238page- Netfl Apsule Mae M Onail >KOI E-Learning Question 9 Marked out of 10.00 question Consolidation...

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moodle.kok.edu.au/moodle/mod/quiz/attempt.php?attempt-5923314omid-1426238page- Netfl Apsule Mae M Onail >KOI E-Learning Question 9 Marked out of 10.00 question Consolidation Worksheet Adjustment Entries (10 marks) On 1 July 2020, Dark Ltd acquired all the issued shares of Sam Ltd for $1,700,000. At that date, the equity of San Ltd was recorded at Share Capital: $600,000 Retained earnings: $500,000 Reserves: $280,000 All the assets and liabilities of Sam Ltd were recorded at amounts equal to their fair values at the acquisition date, except; Patent Inventory Carrying Amount 110,000 $8,000 Equipment cost $240,000) 220,000 Fair Value 140,000 90,000 260,000 Required: 1. Prepare the acquisition analysis on 1 July 2020 (1.5 marks) 2. Prepare the consolidation worksheet entries for Darko Ltd's group on 1 July 2020 (8.5 marks) A- BIQ Time 2:04:35 Quiz navigation GURLING MMANNI ED # Finch attent moodle.kok.edu.au/moodle/mod/quiz/attempt.php?attempt-5923314omid-1426238page- Netfl Apsule Mae M Onail >KOI E-Learning Question 9 Marked out of 10.00 question Consolidation Worksheet Adjustment Entries (10 marks) On 1 July 2020, Dark Ltd acquired all the issued shares of Sam Ltd for $1,700,000. At that date, the equity of San Ltd was recorded at Share Capital: $600,000 Retained earnings: $500,000 Reserves: $280,000 All the assets and liabilities of Sam Ltd were recorded at amounts equal to their fair values at the acquisition date, except; Patent Inventory Carrying Amount 110,000 $8,000 Equipment cost $240,000) 220,000 Fair Value 140,000 90,000 260,000 Required: 1. Prepare the acquisition analysis on 1 July 2020 (1.5 marks) 2. Prepare the consolidation worksheet entries for Darko Ltd's group on 1 July 2020 (8.5 marks) A- BIQ Time 2:04:35 Quiz navigation GURLING MMANNI ED # Finch attent