Q: QUESTION FOUR At its year end, 31 March 2019, entity JBK held 60,000 GHS1 shares in a listed entity,…

A:

Q: Question 1 The Omaheke Manufacturers Ltd acquired Salomon Factory Lld on 1 January 2015 for N$ 1.8…

A: Non controlling interest: It refers to the minority interest/ownership of the shareholders who owns…

Q: 13. Riverdale paid finder's fees ofP40,000, legal fees of P13,000, audit fees related to the stock…

A: Sometimes a company wants to get the control the affairs of the another company and for that the…

Q: ABC Corp. acquired all the assets and liabilities of XYZ Corporation by issuing shares of its common…

A: Particulars Amount Cash  25000 Accounts receivable (94000-72000) 22000 Inventory…

Q: On January 1, 2018 Axe Company purchased of 20% of Lax Company’s ordinary shares outstanding for 6…

A: Solution:- Calculation of the balance in investment on December 31, 2018 as follows under:-

Q: Question 1 Facebook Inc. bought WhatsApp Inc. for a total of S19 billion in cash and shares in…

A: "Since you have posted multiple questions, we will solve the first question for you. To get the…

Q: Situation 1 Oriole Cosmetics acquired 10% of the 191,000 shares of common stock of Martinez Fashion…

A: A journal entry is the act of keeping or making records of any transactions either economic or…

Q: Q2 Petro Ltd acquired 60% of Carlos Ltd’s 500,000 R1 equity shares on 1st January 2019 for a…

A: Answer:-  Goodwill meaning:- When a buyer purchases an established firm, goodwill, which is an…

Q: A Company acquired the assets and assumed the liabilities of B Inc. on June 30, 2022.  The…

A: Shareholders' equity reflects the true networth and the working culture of any organization or a…

Q: Salazar Corporation issued 100,000 shares of P28.50 par ordinary shares for all the outstanding…

A: Acquisition cost is the sum total of the following:- (a) Cash Paid for acquisition (b) Fair value of…

Q: Problem 1-5 In a business combination accounted as an acquisition, Major Corp. issued 200,000; P30…

A: As per provisions of IFRS, In a amalgamation the value of assets net of liabilities taken by…

Q: Question 10 On January 2, 2020, Tuao Company purchased 10% of Abulug Company’s outstanding ordinary…

A: The investment is recorded as current assets in the balance sheet of the firm.

Q: ccounting Alpha Ltd acquired 30% of the voting shares of Beta Ltd on 1 July 2021 for $150 000. This…

A: Equity method of accounting for the investment in a company records each and every change made by…

Q: On 1 July 2020, B Ltd acquired all the assets and liabilities of P Ltd. In exchange for these assets…

A: Business Combination: In a business combination, the acquirer gets ownership of another company via…

Q: Parent and Sub Inc had the following balance sheets on December 31, 2021 (see image below). On…

A: Solution Formula- Goodwill = (Fair value of current assets + fair value of current liabilities…

Q: 6. ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On…

A: When a company acquires all the shares of another company, all the assets and liabilities of the…

Q: PROBLEM 35 At the beginning of 2018, Esterlina Corporation purchased 40% of the ordinary shares…

A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be…

Q: Top Corporation acquired 100% of Sun Corporation's common stock on December 31,2019. Balance sheet…

A: Under consolidated financial statements, the income statement, balance sheet, and cash flow…

Q: Prob 1: On January 1, 2018, WONG NOODLES Corporation acquired the net assets of Natasha, Inc., by…

A: The amount of assets remaining after all liabilities have been paid is referred to as stockholders'…

Q: b) Assume that Trifles Ltd has only recorded the cash transaction of $ 565,000. Prepare the…

A: Acquisition: Acquisition can be defined as the process in which one company is acquired by another…

Q: Problem 1-3 On January 2, 2020, P Company purchased the net asset of S Company by paying P500,000…

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Q: WAG PAPALOKO Inc. has the following balance sheet on January 1, 2018, which is the date of…

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Q: Problem 5 On January 1, 2021, Pe Inc. purchased Ra Corp. for P1,500,000 for 100% ownership of its…

A: The value which is received when an asset is sold at a price above the net book value of the asset…

Q: On 1 July 2020, B Ltd acquired all the assets and liabilities of P Ltd. In exchange for these assets…

A: Business combination is an arrangement or a contract under which one entity purchased major stocks…

Q: Assume H Ltd purchased 80% of the equity shares of S Ltd at a price of Rs 90,000 two years ago when…

A: Formula: Profits attributable to H Ltd = Total Accumulated profit balance x ownership owned…

Q: On January 1, 2019, Heaven Company acquired 20% of the ordinary shares of an associate for…

A: GIVEN     On January 1, 2019, Heaven Company acquired 20% of the ordinary shares of an associate for…

Q: A Co. acquired 60% of the outstanding ordinary shares of B Co. on January 2, 2021. A acquired it at…

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Q: Problem 3 On January 1, 2021, CPA Co. acquired 15,000 ordinary shares out of 100,000 outstanding…

A: The net income of the company means the income of the company that comes after deducting all the…

Q: On 1/5/2015 , K-mart. Co acquired 90% shares of the outstanding common shares of Tesco. for $360000…

A: Answer retained earnings  = $ 90000 The income of Tesco before acquisition =  $20000

Q: Question 1 The Consolidated Statement of Financial Position Electra is a small publicly listed…

A: Determination of Consolidated statement of financial position Electra and Helios Consolidated…

Q: PROBLEM EAST Corporation purchased 50,000 out of the 200,000 ordinary shares of FAR Corporation on…

A:

Q: During 2021 Carla Vista Company purchased 9500 shares of Metlock Inc. for $25 per share. During the…

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Q: The following are the statements of financial position of Fish plc and its subsidiary Chips Ltd as…

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Q: QUESTION 4 On 1 January 2018, Chelsea Ltd acquired 75% of the shares in Orlando Ltd at N$126 000. At…

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Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: All amounts are in (P).

Q: 9.1 Calculate Left Ltd's share of profits in Right Ltd for the year ended 30 June 2023. The…

A:

Q: Use the preceding information for Palto’s purchase of Saleen common stock. Assume Palto purchases…

A: Calculate the Fair Value (FV) of total assets, net liabilities, FV of net assets as follows:…

Q: Question 2 On January 1, 2020, Party Corporation acquired 70 percent of Selfie Company's common…

A: Since this is a multi-part question, we are going to solve only first three for you. To get the…

Q: 5 WAG PAPALOKO Inc. has the following balance sheet on January 1, 2018, which is the date of…

A: All amounts are in (P).

Q: Seleco Bhd acquired 800,000 ordinary shares, 90,000 preference shares and 120,000 debentures of…

A: Goodwill is an intangible asset that can't be seen or touched but provides future benefits to the…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Working note: Computation of goodwill or gain from bargain purchase:

Q: A Company acquired the assets and assumed the liabilities of B Inc. on June 30, 2022.  The…

A: Solution Total liabilities are the combined debts that an individual or company owes. They are…

Q: Question 2 Nick Ltd acquired 100% of the issued capital of Wing Ltd on 1 July 2011 for $270000. The…

A: Comment-Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: Parekoy Company acquires 150,000 of the 1,000,000 Marekoy Company’s common stock for  P500,000 cash…

A: Non Controlling Interest: It is the ownership of the equity less than 50%, It is arises at the time…

Q: Trade and other payables 178,000 23,170 23,400 1,200 Taxation Total equity and liabilities 201.170…

A: Meaning of Consolidated Balance Sheet : -  A consolidated balance sheet presents the assets and…

Q: Trump Ltd acquired all the assets and liabilities of Bush Ltd on 30 June 2020. The purchase…

A: When one company purchases another company's more than 50% stock and asset in order to gain control…

Q: Top Corporation acquired 100 % of Sun Corporation’s common stock on December 31,2019. Balance sheet…

A: Inventory refers to the item held by the company for a resale purpose or which is not sold yet. This…

Q: QUESTION 4 / Review Sunny Co purchased 20,000 shares in Peter Co on 1 August 2020 at a cost of $6.0…

A: As per IFRS Investment in shares can be accounted as FAIR VALUE THROUGH PROFIT OR LOSS if intention…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.