Qrestion $2$

Jolnt Venture Question

On $1$ Jnly $2021$ Airlie Ltd purchased $25\%$ of the issued shares of Beach Ltd for $$90000.$ At this date the shareholders' equity of Beach Itd was as follows:

All the identifiable net assets of Beach $Ltd$ were at fair value.

During the year ended $30$ June $2023,$ a block of land was revalued upwards by the

Butrects from the income statements of both companies for the year ended $30$ June $2023$ were as follows:

$\backslash$table$[[,,],[,,3],[$Opereting polit berore incometar,$37000,40000],[$noometrierpense$,6000,5000],[$Opereling politatierincometns,$31000,35000],[$Betained polits $1$ J$,75000,90000],[$Avatiab e corappopiation,$106000,125000],[$Interim divitendspied,$(20000),(10000)$