2, ABC Ltd acquired all the issued shares of XYZ Ltd for $280,000. At this date, the equity of XYZ Ltd consisted of: Share capital General reserve Retained earnings Plant (cost $200 000) Land All the identifiable assets and liabilities of XYZ Ltd were recorded at amounts equal to thei fair values except for: Carrying amount $175,000 Inventory The tax rate is 30%. Question 9 100,000 10,000 $ 200,000 Required: Prepare an acquisition analysisat 1 July 2022 by ABC Ltd. 20,000 30,000 Fair value $190,000 120,000 15,000 ♫

A "waiver-of-premium” clause: Select one: a. allows the person to purchase additional insurance at no extra cost means the insured will receive the cash value immediately allows an insurance agent to pay your premiums b. C. O d. waives the suicide clause e. pays premiums in the event of illness or disability Clear my choice

pm.4 answer must be in proper format or i will give down vote

Wendy Marvel sold $260,000 of its inventory to Carla during 2021 for $400,000. Carla sold $300,000 of this merchandise in 2021 with the remainder to be disposed of during 2022. Assume Wendy Marvel owns 35% of Carla and has the ability to exert significant influence over Carla. What journal entry will be recorded at the end of 2021 to defer the recognition of the investor's share of the intra- entity gross profits? A) Equity in Carla B) C) D) Investment in Carla Investment in Carla Equity in Carla Equity in Carla Investment in Carla Investment in Carla Equity in Carla $35,000 $35,000 $12,250 $12,250 35,000 $35,000 $12,250 $12,250