Corporate Accounting: Acquisition Analysis, Journals, Worksheet Entries, Rationale and Bibliography

Running head: CORPORATE ACCOUNTING
Corporate Accounting
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1CORPORATE ACCOUNTING
Table of Contents
Acquisition Analysis........................................................................................................................2
Journals............................................................................................................................................2
Worksheet Entries............................................................................................................................4
Rationale behind the Transactions...................................................................................................5
Bibliography....................................................................................................................................6

2CORPORATE ACCOUNTING
Acquisition Analysis
Particulars
Amount
($)
Amount
($)
Equity Share 450000
Reserves General 45000
Asset revaluation surplus 45000
Retained earnings 15000
Total Recorded Value of Equity 555000
Inventory 10500
Plant and Machinery 5250
Total Identified Asset Fair Value 15750
Contingent Liabilities 12600
Total Identified Liabilities 12600
Total Identified Value (Net of Taxes) 558150
Paid in Value 580000
Goodwill Identified 21850
Journals
The consolidation of the Lead Beaters and Possum Ltd was done by applying the various
transactions and transactions that were included in the application of the consolidated financial
statement of the company. Relevant Journals entries were passed after incorporating the
transaction that were done by the company on a intergroup transaction basis (Hoyle, Schaefer
and Doupni 2015).