Required:

1. Calculate Direct Non Controlling Interest and In Direct Non Controlling Interest.

2. Calculate Goodwill on acquisition (please note, there is no fair value adjustment).

3. Prepare the Pre acquisition entries as at 30 June 2020 for the ABC Ltd group.

4. Prepare the journal entries at acquisition date for the ABC Ltd group.

ABC Ltd. acquired 60% interest in Roger Ltd on 1 July 2018 for $80,000 when the equity of Roger Ltd comprised Share capital 60,000 Retained earnings 33,000 $93,000 On that same day, Roger Ltd acquired 50% interest in David Ltd for $50,000, when the equity of David Ltd comp Share capital 35,000 Retained earnings 15,000 $50,000 The equity of Roger Ltd and David Ltd on 30 June 2019 and 30 June 2020 are summarised below Roger Ltd 30/06/2019 30/06/2020 $65 000 Share capital $65 000 Retained earnings 35 000 Total 100 000 45 000 110 000 David Ltd 30/06/2019 30/06/2020 Share capital $40 000 $40 000 General reserve 6 000 6 000 Retained earnings 20 000 25 000 Total 66 000 71 000 ABC Ltd. acquired 60% interest in Roger Ltd on 1 July 2018 for $80,000 when the equity of Roger Ltd comprised Share capital 60,000 Retained earnings 33,000 $93,000 On that same day, Roger Ltd acquired 50% interest in David Ltd for $50,000, when the equity of David Ltd comp Share capital 35,000 Retained earnings 15,000 $50,000 The equity of Roger Ltd and David Ltd on 30 June 2019 and 30 June 2020 are summarised below Roger Ltd 30/06/2019 30/06/2020 $65 000 Share capital $65 000 Retained earnings 35 000 Total 100 000 45 000 110 000 David Ltd 30/06/2019 30/06/2020 Share capital $40 000 $40 000 General reserve 6 000 6 000 Retained earnings 20 000 25 000 Total 66 000 71 000