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Company Accounting

This is the second part of assessment task 2. You can choose to do Part B either as an individual or you can pair up with another student who is currently enrolled in the unit.

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Added on  2023-01-03

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This document provides answers to questions on acquisition analysis, consolidation worksheet entries, and consolidation worksheet in Company Accounting. It also includes a bibliography of relevant resources.

Company Accounting

This is the second part of assessment task 2. You can choose to do Part B either as an individual or you can pair up with another student who is currently enrolled in the unit.

   Added on 2023-01-03

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Running head: COMPANY ACCOUNTING
Company Accounting
Name of the Student:
Name of the University:
Author’s Note:
Company Accounting_1
1COMPANY ACCOUNTING
Table of Contents
Answer to question 1:......................................................................................................................2
Answer to question 2:......................................................................................................................3
Answer to question 3:......................................................................................................................4
Bibliography:...................................................................................................................................6
Company Accounting_2
2COMPANY ACCOUNTING
Answer to question 1:
Acquisition Analysis at 1July 2017:
Share Capital 13,000
General Reserve 5,000
Retained Earnings 4,050
Book Value of total assets 22,050
Add: Fair Value Adjustments:
Plant 1,000
Land 2,000
Inventories 800 3,800
Add: Unrecorded assets and liabilities:
Brand Value 1,200
Unrecorded Liabilities (1,500) (300)
Fair Value of Net Identifiable Assets 25,550
Less: Purchase Consideration
Transferred 24,600
Gain on Acquisition 950
Goodwill appearing in the books 500
Net Gain 450
Company Accounting_3

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