Marshall

ITutorials 2-4 SOLUTION 1 July cc8 Acquisition Analysis: Fair tax of INA=one hundred forty 000 [ chief city] + 25 000 [general reserve] + 20 000 [retained profits] - 8 000 [goodwill] + $4 000 (1-0.3) (BCVR inventory) + $20 000 (1-0.3) (BCVR prepare and equipment) + $60 000 (1 0.3) (brand assets) =$182 000 price of the conspiracy=$290 calciferol - $5 000 =$285 500 gracility acquired=$49 700 Less already recognised=$ 8 000 enrolment postulate=$41 700 ** [140 000/2 x $2.65 + 140 000/2 x 0.50] Consolidation Worksheet Adjusting Journal Entries as at 30 June 2011 1. caper combining military rating entries Plant and Equipment (Used for three years) hoard dispraise Plant & EquipmentDr35 000 Plant and EquipmentCr15 000 Deferred measure liabilityCr6 000 Business combination valuation reserveCr14 000 Depreciation expenditure Plant & EquipmentDr4 000 Retained earnings (1/7/10)Dr8 000 Accumulated Depreciation Plant & Equip.

Cr12 000 Deferred tax liabilityDr3 600 Income tax expenseCr1 200 Retained earnings (1/7/10)Cr2 400 pock Assets (sold 31 March 2011) Amortisation expenseDr4 500 Cost of Brand Assets SoldDr43 500 Income tax expenseCr14 000 Retained earnings (1/7/10)Dr8 400 displace from business combination valuation reserveCr42 000 saving grace (impaired 30 June 2010) GoodwillDr41 700 Business Combination evaluation ReserveCr41 700 Retained Earnings (1/7/10)Dr20 000 Accumulat ed Impairment Losses GoodwillCr20 000 ! Consolidation Worksheet Adjusting Journal Entries as at 30 June 2011 2. Pre-acquisition entries Retained earnings (1/7/10) *Dr28 800 package capitalDr140 000 General reserveDr19 000 Business combination valuation reserveDr97 700 Shares in...If you want to assume a full essay, order it on our website: BestEssayCheap.com

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