Simply part of the Gilmore Ltd business, A business combination of Lorelai Ltd and Rory Teens. QUESTION 3 Z Company Ltd, a reporting entity, purchases all the issued shares of A Company Pty Ltd for $2,200,000. The net assets of A Company Pty Ltd at the date of acquisition consist of land $2,500,000 and a liability of $300,000 with these values representing their respective fair values. Z Company Ltd will record the acquisition in its separate accounting records as follows: a. None of these options is correct b. Dr. Land $2,500,000 Cr. Liability $300,000 Cr. Cash $2,200,000 Dr. Investment in A Company Pty Ltd $2,200,000 Cr. Cash $2,200,000 d. Dr. Investment in A Company Pty Ltd $2,500,000 Cr. Issued Capital $2,500,000 QUESTION 4 Save All Ang Click Save and Submit to save and submit. Click Save All Answers to save all answers