Corporate Accounting

Running head: CORPORATE ACCOUNTING
Corporate Accounting
Name of the Student:
Name of the University:
Author’s Note:
Course ID:

1CORPORATE ACCOUNTING
Table of Contents
Acquisition analysis:........................................................................................................................2
Adjusting journal entries:................................................................................................................3
Consolidated Worksheet:.................................................................................................................5
Consolidated financial statements:..................................................................................................7
References and Bibliography:........................................................................................................10

2CORPORATE ACCOUNTING
Acquisition analysis:

3CORPORATE ACCOUNTING
The calculation in the above table directly provides information about the goodwill
calculation that has been generated from the acquisition process. The overall goodwill of 24,800
has been generated after deducting the fair value of assets with the acquisition amount
(Legislation.gov.au 2019).
Adjusting journal entries:
1. Acquisition analysis:
Particulars Dr Cr
Depreciation Expense $ 600
Gain on Sale of Plant $ 3,600
Income tax expense $ 1,080