Question
Question: FATHER LTD acquired all issued share capital of SON Ltd on 1 July 2015 for a cash payment of $800,000 On 1 January 2019
Question:FATHER LTD acquired all issued share capital of SON Ltd on 1 July 2015 for a cash payment of $800,000
On 1 January 2019 SON Ltd sold an item of plant to Father Ltd for $150,000 when its carrying value in Son's books was $90,000 (original cost $190,000 and original estimated life of nine years). There were no other transactions between Father Ltd and Son Ltd for year ended 30 June 2019
adjustment/elimination journal entries for consolidation as at 30 June 2020
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
