Part A$-$ there a multiple photos for this answer

ANSWER QUESTION $1$

QUESTION $1(40$ MARKS$)$

On $1$ June $2021,$ Denise plc acquired $60\%$ of the share capital of Eddie Ltd$.$ The acquisition was through a share exchange of three shares in Denise for every $2$ acquired shares in Eddie. The market prices $($per share$)$ of Denise's and Eddie's shares at $1$ June $2021$ were $4\mathrm{.}50$ and $4\mathrm{.}60$ respectively.

Below are the summarized draft financial statements of both companies.

Draft statements of profit or loss for the year ended $31$ December $2021$

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