q1. Prepare the acquisition analysis at 1 july 2020

q2. Prepare the concolidation worksheet entries for bella ltd's group at 1july 2020, assuming that Kris ltd has not revalued the machinery in its own accounts.

Question 4 (20 marks) On 1 July 2020, Bella Ltd acquired all the issued shares of Kris Ltd for a cash consideration of $1,200,000. At that date, the financial statements of Kris Ltd showed the following information Retained earnings 250,000 General reserve 40,000 Share capital 650,000 All the assets and liabilities of Kris Ltd were recorded at amounts equal to their fair values at the acquisition date, except for some machinery recorded at $80.000 below its fair value. This machinery has accumulated depreciation of $50,000. Bella Ltd identified at acquisition date a contingent liability related to a lawsuit where Kris Ltd was sued by a former supplier and attached a fair value of $55,000 to that liability, The tax rate is 30%. Bookin