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Required: Prepare the balance sheets of Yan Ltd and the consolidated balance sheet as at 1 January 2023 after each transaction, using for each question

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Required: Prepare the balance sheets of Yan Ltd and the consolidated balance sheet as at 1 January 2023 after each transaction, using for each question the balance sheets of Yan Ltd and Yin Ltd as at 1 January 2023 which were as follows: On 1 January 2023 Yan Ltd acquired 75% of the ordinary shares in Yin Ltd for $9,000 cash. The fair value of the net assets in Yan Ltd was their book value

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