WORDS POWERED BY TINY QUESTION 2 Principles of consolidation Sun Lid purchased all the issued shares of Winter Ltd for $600,000. At the time of acquisition, the balance sheet of Winter Ltd included goodwill of $20,000. Winter und has adopted the evaluation model (AASB116) to measure its assets Having prepared the acquisition analysis, the group accountant has asked for your advice on the following i (a) As Winter Ltd is using the Revaluation model (AASB116) all assets of the subsidiary w be measured at fair value on acquisition date and there will not the consolidation worksheet Do you agree? Include examples in your answer marks) (b) Using the information above, explain the entries required to record the goodwill on acquisition of $17,000. (2 marks) (0) Explain why Winter Ltd's recorded goodwill is deducted twice in preparing an acquisition analysis. (4 marks) Required Provide advice on the above issues and explain any relevant consolidation entries in your answer For the toolbar, press ALT-F10 (PC) or ALT+FN-F10 (Mac BIS Paragraph xx, 20 any fair value (CV) djusting entries required in Open Sans,s... v 10pt a 30 - + wv r " "OON 38 (1) Click Save and Submit to save and submit. Click Save All Answers to save all answers MacBook Air Save All Answers Save and