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please ans me Radio Ltd acquired all the issued capital of Wave Ltd for cash consideration of $2.3 million (which includes payment for dividend entitlement).

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please ans me

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Radio Ltd acquired all the issued capital of Wave Ltd for cash consideration of $2.3 million (which includes payment for dividend entitlement). The fair value of the net assets of Wave Ltd at that date was $1.8 million as follows: Share capital 1000 000 Retained earnings 800 000 Total equity 1800 000 After acquisition, Wave Ltd declares a dividend of $300 000 that is identified as being paid out of pre- acquisition profits. What consolidation journal entries would be required to prepare group accounts? 2.5 marks Paragraph

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