This report provides an acquisition analysis, consolidation journal entries, and a consolidated set of financial statements for Tuna Ltd and Brim Ltd. It includes calculations of goodwill, sales revenue, cost of sales, trading expenses, office expenses, depreciation expenses, proceeds on sale of plant, carrying amount of plant sold, income tax expense, share capital, retained earnings, current liabilities, deferred tax liability, plant, accumulated depreciation, intangibles, deferred tax assets, shares in Brim Ltd, inventory, and receivables.

Individual Assignment ACC705

On 1 July 2015, Tuna Ltd acquired all the issued shares of Brim Ltd. Tuna Ltd paid $30 000 in cash and 20 000 shares in Tuna Ltd valued at $3 per share. At this date, the equity of Brim Ltd consisted of $66 000 share capital and $6000 retained earnings. At 1 July 2015, all the identifiable assets and liabilities of Brim Ltd were recorded at amounts equal to their fair values except for: Carrying amount Fair value Plant (cost $150 000) $120 000 $123 000 Patents 90 000 105 000 Inventory 18 000 22 500 The plant was considered to have a further 5-year life. The patents were sold for $120 000 to an external entity on 18 August 2015. The inventory was all sold by 30 June 2016. Additional information (a) Tuna Ltd sells certain raw materials to Brim Ltd to be used in its manufacturing process. At 1 July 2016, Brim Ltd held inventory sold to it by Tuna Ltd in the previous year at a profit of $600. During the 2016–17-year, Tuna Ltd sold inventory to Brim Ltd for $21 000. None of this was on hand at 30 June 2017. (b)

Financial report on Tuna Ltd and Brim Ltd with acquisition analysis, consolidated financial statements, and various calculations.

Consolidated Financial Statements of Tuna Ltd and Brim Ltd

Consolidated Set of Financial Statements for Tuna Ltd and Brim Ltd

Accounting Assignment | Calculate Acquisition Analysis

Acquisition analysis for Tuna Ltd

This article provides the acquisition analysis and consolidation journal entries for Tuna Ltd and Brim Ltd. It also includes a consolidated set of financial statements for the group, including sales revenue, trading expenses, profit before tax, and total equity and liabilities.

Hartpury University and Hartpury College

Consolidated Financial Statements for Tuna Ltd and Brim Ltd

This article covers the requirements, income statement, balance sheet, and consolidation worksheet for corporate accounting. It includes tables and journal entries for Tuna Ltd. and Brim Ltd.

Corporate Accounting: Requirements, Income Statement, Balance Sheet, and Consolidation Worksheet

This article covers acquisition analysis, consolidation journal entries, income statement, and balance sheet in corporate accounting. It includes solved assignments, essays, and dissertations on the topic. The subject is relevant to financial accounting and is useful for students pursuing courses in accounting and finance. The content is suitable for college and university students.

Corporate Accounting: Acquisition Analysis, Consolidation Journal Entries, Income Statement and Balance Sheet

This article covers the requirements 1, 2 and 3 of Corporate Accounting. It includes consolidation journal entries, income statement, balance sheet, and consolidation worksheet.

Consolidated Set of Financial Statements for Tuna Ltd and Brim Ltd

Accounting Assignment | Calculate Acquisition Analysislg...

Acquisition analysis for Tuna Ltdlg...

Consolidated Financial Statements for Tuna Ltd and Brim Ltdlg...

Corporate Accounting: Requirements, Income Statement, Balance Sheet, and Consolidation Worksheetlg...

Corporate Accounting: Acquisition Analysis, Consolidation Journal Entries, Income Statement and Balance Sheetlg...

Corporate Accounting: Requirements 1, 2 and 3lg...

Accounting Assignment | Calculate Acquisition Analysis

Acquisition analysis for Tuna Ltd

Consolidated Financial Statements for Tuna Ltd and Brim Ltd

Corporate Accounting: Requirements, Income Statement, Balance Sheet, and Consolidation Worksheet

Corporate Accounting: Acquisition Analysis, Consolidation Journal Entries, Income Statement and Balance Sheet

Corporate Accounting: Requirements 1, 2 and 3