Answer: Introduction The process of growing corporations in terms of gaining control of the other company in terms of cost reduction, material supplies or controlling the market or diversification of the product or further to avail the tax benefits (Hoyle, Schaefer and Doupnik 2015).In this case, acquisition is been done by Tuna Limited for Brim Limited. The financial positions and the results of operations are presented through consolidated ...Read More >>
Answer: Acquisition Analysis Of Tuna Ltd Consolidation of the financial statemenst mainly deal with integration of the financial statements of both the parent as well as the subsidiary company. Here the parent company (Tuna Limited) means the acquiring company and the subsidiary company is the target company (Brim Limited). Various accounting adjustments are being done while doing the acquisition of the company (Sithole, et al., 2017). F...Read More >>
Answer: Solution-1 Acquisition Analysis Particulars Amount Details Share Capital $66,000 Retained Earnings $6,000 Assets revalued Inventory $3,150 (22500 - 18000) x (1 - 30%) Plants $2,100 (123000 - 120000) x (1 - 30%) Patents $10,500 (105000 - 90000) x (1 - 30%) Net...Read More >>
Answer: Acquisition analysis for Tuna Ltd. as on 1 July, 2015 Particulars Calculation basis Amount Share Capital $66,000 Retained Earnings $6,000 Fair valuation of Plant ((123000-120000)*(1-30%)) $2,100 Fair valuation of Patent ((105000-90000)*(1-30%)) $10,500 Fair valuation of Inventory ((22500-18000)*(1-30%)) ...Read More >>
Answers: Part A: The procedure in which those assets are identified whose Carrying amount is higher than the recoverable amount is known as impairment. We can also say that impairment means recording assets at their fair value (Berry, 2009). For the calculation of impairment loss, the recoverable amount for each asset that is contained in the cash generating unit is required individually. Many times it becomes very difficult to determine the...Read More >>
Answer: Introduction: A lease can be defined as a financial agreement between two parties i.e. the owner of the asset and the party which is going to hold the asset for a specified period of time in return for agreed periodic payments (Atkinson, 2012). The two parties are stated to be as the lessor i.e. the owner of the asset and the lessee i.e. the party that has borrowed the asset. All the payments that are involved for this transaction are...Read More >>
Answer: Answer – 1 Acquisition Analysis as at 1 July, 2015 Net fair value of identifiable assets and liabilities of Zack Ltd. Share Capital 1,50,000 General Reserve 34,000 Retained Earnings &nb...Read More >>
Answers: Question 1 Acquisition analysis At 1st July 2016 Computation of goodwill or capital reserve through consolidation Net fair value of assets and liabilities of William Ltd = ($204,000) (equity) +$8,000* (1-.30) (inventory) + $5,000* (1-.30) (Land) + $15000* (1-.30) (plant) -$8000*(1-.30) (Dividend payable) = $218,000 Consideration transferred = $227,500 Goodwill = $9,500 Consolidated worksheet entries at...Read More >>
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