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On january 1, 2020, lennon enterprises acquires 100% of ono ltd. for 220.000 in cash. the condensed statements of financial position of the two companies

On january 1, 2020, lennon enterprises acquires 100% of ono ltd. for 220.000 in cash. the condensed statements of financial position of the two companies immediatelt following the acquisition as follows. prepare consolidated worksheet when cost equals book value. lennon ent. onno ltd. plant and equipment 300.000. 220.000 investment in ono ltd. ordinary shares. 220.000 current assets. 60.000. 50.000 580.000. 270.000

share capital ord. 230.000. 80.000 retained earnings. 170.000. 140.000 current liabilities. 180.000. 50.000 580.000. 270.000

instruction prepare a worksheet for a consolidated statement of financial position.

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