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CONSOLIDATED FINANCIAL STATEMENTS AND RATIONALE FOR ADJUSTMENTS

Lead beaters Ltd acquired all the issued shares (cum div.) of Possum Ltd on 1 July 2014. This assignment requires the preparation of consolidated financial statements and the rationale for adjustments made. The assignment includes information on the shareholders' equity of Possum Ltd, the fair values of assets and liabilities at acquisition date, the subsequent sale of plant and inventory, and the settlement of a lawsuit by a customer for faulty goods.

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Added on  2023-04-21

CONSOLIDATED FINANCIAL STATEMENTS AND RATIONALE FOR ADJUSTMENTS

Lead beaters Ltd acquired all the issued shares (cum div.) of Possum Ltd on 1 July 2014. This assignment requires the preparation of consolidated financial statements and the rationale for adjustments made. The assignment includes information on the shareholders' equity of Possum Ltd, the fair values of assets and liabilities at acquisition date, the subsequent sale of plant and inventory, and the settlement of a lawsuit by a customer for faulty goods.

   Added on 2023-04-21

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Running head: CONSOLIDATED FINANCIAL STATEMENTS AND RATIONALE FOR
ADJUSTMENTS
Consolidated Financial Statements and Rationale for Adjustments
Name of the Student
Name of the University
Author’s Note
CONSOLIDATED FINANCIAL STATEMENTS AND RATIONALE FOR ADJUSTMENTS_1
1
CONSOLIDATED FINANCIAL STATEMENTS AND RATIONALE FOR
ADJUSTMENTS
Table of Contents
Worksheet..................................................................................................................................2
Consolidated Income Statement.................................................................................................3
Consolidated Balance Sheet.......................................................................................................4
Acquisition Analysis..................................................................................................................5
Consolidation Journals...............................................................................................................6
Worksheet Entries......................................................................................................................7
Rationale for Intragroup Transactions.......................................................................................7
References..................................................................................................................................9
CONSOLIDATED FINANCIAL STATEMENTS AND RATIONALE FOR ADJUSTMENTS_2
2
CONSOLIDATED FINANCIAL STATEMENTS AND RATIONALE FOR
ADJUSTMENTS
Worksheet
CONSOLIDATED FINANCIAL STATEMENTS AND RATIONALE FOR ADJUSTMENTS_3

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