Recent Question/Assignment
Student # 111800449
SitriMatiestmil'
tep 1: Select your student number from the drop down list
Find your following assignment question and follow the directions .
Prepare your assignment including Part A and part B in Microsoft Word.
Upload your assignment in Turnitin before the due date.
Step 2:
Step 3: Step 4:
Important: The file should be opened
in Excel
The assignment must be typed, use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, a WORD format file soft copy to be submitted in Turnitin before the due date. Please ensure you provide your ID numbers and full name at the first page. Late assignments will be penalised, 5%of total available marks deduction per day.
For the following case provide all:
a)calculations
b) accounting standards
c) related journal entries
d) relevant explanations
On 1 July 2019 Alma Ltd acquired 91% the issued shares of Davis Ltd for $1010000 . The equity of Davis Ltd at this date consisted of:
i 11801658 at 05/09/2019 12:51:34 A4 (dflc9682df93b039c5Ofead207e44f6e)
Share capital 354000
General reserve 152000
Asset revaluation surpluss 121000
All the identifiable assets and liabilities of Davis Ltd were recorded at amounts equal to their fair values at acquisition date except for the following;
Account Cost
Carrying Fair value Further life- in
Amount I I Year
All inventories on hand at 1 July 2019 are sold by 30 June 2020. Further life of the assets are listed on the above table. Alma Ltd uses the partial goodwill method.
Tax rate:30%
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 2020. Assume a profit for Davis Ltd for the year ended 30 June 2020 of 520000.
5- Explain how the step 1 to 4 will change if the full goodwill method is used.
$152,000 $274,000
$303,000 $545,000
$425,000 $354,000 $637,000
$20,000 $20,000 5
$50,000 $50,000
Inventories Land Machinery Fittings Liabilities
SitriMatiestmil'
tep 1: Select your student number from the drop down list
Find your following assignment question and follow the directions .
Prepare your assignment including Part A and part B in Microsoft Word.
Upload your assignment in Turnitin before the due date.
Step 2:
Step 3: Step 4:
Important: The file should be opened
in Excel
The assignment must be typed, use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, a WORD format file soft copy to be submitted in Turnitin before the due date. Please ensure you provide your ID numbers and full name at the first page. Late assignments will be penalised, 5%of total available marks deduction per day.
For the following case provide all:
a)calculations
b) accounting standards
c) related journal entries
d) relevant explanations
On 1 July 2019 Alma Ltd acquired 91% the issued shares of Davis Ltd for $1010000 . The equity of Davis Ltd at this date consisted of:
i 11801658 at 05/09/2019 12:51:34 A4 (dflc9682df93b039c5Ofead207e44f6e)
Share capital 354000
General reserve 152000
Asset revaluation surpluss 121000
All the identifiable assets and liabilities of Davis Ltd were recorded at amounts equal to their fair values at acquisition date except for the following;
Account Cost
Carrying Fair value Further life- in
Amount I I Year
All inventories on hand at 1 July 2019 are sold by 30 June 2020. Further life of the assets are listed on the above table. Alma Ltd uses the partial goodwill method.
Tax rate:30%
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 2020. Assume a profit for Davis Ltd for the year ended 30 June 2020 of 520000.
5- Explain how the step 1 to 4 will change if the full goodwill method is used.
$152,000 $274,000
$303,000 $545,000
$425,000 $354,000 $637,000
$20,000 $20,000 5
$50,000 $50,000
Inventories Land Machinery Fittings Liabilities
Editable Microsoft Word Document
Word Count: 758 words including Calculations and References
Buy Now at $19.99 USD
This above price is for already used answers. Please do not submit them directly as it may lead to plagiarism. Once paid, the deal will be non-refundable and there is no after-sale support for the quality or modification of the contents. Either use them for learning purpose or re-write them in your own language. If you are looking for new unused assignment, please use live chat to discuss and get best possible quote.
Looking for answers ?
Recent Questions
Assessment 2: (20%) Case Study Presentation Due Date weeks 10This assessment builds on your theoretical knowledge and tests your ability to apply this knowledge to practice.you are required to formulate...Assessment 2Assessment 2Report: 30%Word count: 1400 – 1600 wordsDue date: Sunday of Week 8DescriptionYou are playing the role of a community service worker supporting a young adult son who is 18 years...1500-1800 wordsInstructions From TutorPlease download the eTask3 spreadsheet from Canvas and save the eTask spread as an Excel file. The main content of the force method is taught in Lectures 6,7&8.eTask3.1 is a...ASSIGNMENT INSTRUCTIONSAssessment Practical assessmentAssessment code: 011Academic Year: 2023/2024Trimester: 2Module Title: Critical Perspectives on Cross-Border BusinessModule Code: MOD009194Level: 6Module...Information Systems Analysis & DesignAssignmentDue date: Week 5 Friday (5 Apr 2024) 11:59 pm AESTWeighting: 30%Length: 1,200 to 1,500 words (penalty will apply if the length is outside this limit)Assessment...Problem:University of Technology Sydney 48353: CONCRETE DESIGN Autumn 2024 - Assignment 2 (13 Marks)The figure illustrates the cross-section of a reinforced concrete column with a hexagonal shape (equal...Show All Questions