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With your group partners you are required to: 1. 2. Prepare the acquisition analysis at 1 January 2022. Prepare the business combination valuation entries and

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With your group partners you are required to: 1. 2. Prepare the acquisition analysis at 1 January 2022. Prepare the business combination valuation entries and pre-acquisition entries at 1 January 2022. Prepare the business combination valuation entries and pre-acquisition entries at 31 December 2022. Prepare the consolidation worksheet journal entries to eliminate the effects of intragroup transactions at 31 December 2022. Discuss the concept of 'realisation' using the intragroup transactions in this question to illustrate the concept. Prepare the consolidation worksheet for the preparation of the consolidated financial statements for the period ended 31 December 2022. Prepare the consolidated statement of profit or loss and other comprehensive income for Moon Ltd and its subsidiary, Light Ltd, at 31 December 2022

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