QUESTION 18 A Ltd acquires all the net assets of B Ltd and applies the requirements of AASB 3 Business Combinations. Details regarding the net assets of B Ltd are as follows: Carrying amount Fair value Assets Cash Furniture Fittings Accounts receivable Goodwill 50.000 20,000 40,000 25,000 10,000 50.000 15,000 20,000 20,000 10,000 Liabilities Accounts payable 20.000 20.000 Assume A Ltd acquires all the net assets of B Ltd by issuing 100,000 shares at a fair value of 80 cents each. The journal entry by A Ltd to record the acquisition of the net assets of B Ltd would include: O gain on bargain purchase of $15,000. O gain on bargain purchase of $5.000. O O gain on bargain purchase of $25.000. goodwill of $15,000. QUESTION 19 A Ltd acquires all the net assets of B Ltd and applies the requirements of AASB 3 Business Combinations. Details regarding the net assets of B Ltd are as follows: Carrying amount Fair value Assets Cash Furniture Fittings Accounts receivable Goodwill 50,000 20,000 40,000 25,000 10,000 50,000 15,000 20,000 20,000 10,000 Liabilities Accounts payable 20,000 20,000 Using the information above, the journal entry by A Ltd to record the acquisition of the net assets of B Ltd would include: O Dr Furniture $15,000, Dr Fittings $20,000 and Cr Accounts Payable $20,000. O Dr Furniture $20,000, Dr Fittings $20,000 and Cr Accounts Payable $20,000. O Dr Furniture $20,000, Dr Fittings $20,000 and Dr Cash $50,000. O Dr Furniture $20,000, Dr Fittings $40,000 and Dr Cash $50,000. 0.75 points QUESTION 20 Save Answe A ud acquires all the net assets of Lid and applies the requirements of AASB 3 Business Combinations. Details regarding the net assets of Buidare as follows: Carrying amount Fair value Assets 50.000 20.000 40.000 Furniture Fittings Accounts receivable Goodwill 50.000 15.000 20.000 20,000 10.000 10.000 Liabilities Accounts payable 20.000 20.000 Assume A Ltd issues 100,000 shares at $1.50 each to acquire the net assets of Lid. The acquisition analysis would disclose the fair value of the identifiable net assets of B Ltd and the consideration transferred as: O ur value of identifiable net assets $125.000 Consideration transferred $100.000 O ur value of identifiable net assets 585.000 Consideration transferred' $150.000 O Fair value of identifiable net assets 595.000 Consideration transferred' $150.000 Fair value of identifiable net assets $85.000 Consideration transferred $100,000 5 points QUESTION 21 What is Blockchain and how is it said to revolutionise accounting? What are the implications of Blockchain on the accounting profession now and in the future? E . TTTT Paragraph - Ariel %DOQO - 511200) T T . T . - - Words