Country : Australia
Assignment Task :

Required

1- Prepare the acquisition analysis at acquisition date.

2- Prepare the business combination valuation entries and pre-acquisition entry at acquisition date.

3- Prepare the Journal entry to recognise NCI at acquisition date.

4- Prepare the consolidation worksheet entries at 30 June 2019. Assume a profit for Carl Ltd for the year ended 30 June 2019 of $55000.

5- Explain how the step 1 to 4 will change if the full goodwill method is used.

6. List and explain the accounting standards issues relevant to the consolidation process.

7. Compare in detail the current situation with the case that Nina Ltd acquires only 20% of issued shares of Carl Ltd with a significant influence on Carl Ltd.  

 

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  • Posted on : June 02nd, 2019
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