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ACC705 Corporate Accounting Assignment( CA)

   

Added on  2020-05-28

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Running head: CORPORATE ACCOUNTINGCorporate AccountingName of the Student:Name of the University:Authors Note:
ACC705 Corporate Accounting Assignment( CA)_1
CORPORATE ACCOUNTING1Table of ContentsQ1 Preparing the consolidation worksheet entries for the preparation by Sam Ltd of itsconsolidated financial statements at 30 June 2017:...................................................................0Q2 Preparing the statement of financial position and statement of changes in equity to complywith AASB 101:.........................................................................................................................0Bibliography:..............................................................................................................................3
ACC705 Corporate Accounting Assignment( CA)_2
Running head: CORPORATE ACCOUNTINGQ1 Preparing the consolidation worksheet entries for the preparation by Sam Ltd of its consolidated financial statements at 30 June2017:Ben ltdSam ltdNotesParticularsDebitCreditDebitCreditEquityShare capital $ 150,000.00 Reserves $ 10,000.00 Retained earnings $ 30,000.00 Carrying amountFair valuePlant $ 1,400.00 $ 94,00096,00070%Land $ 10,500.00 $ 80,00095,00070%Inventory $ 4,200.00 $ 20,00026,00070%Databases $ 4,200.00 Total Assets $ 210,300.00 Dividend payable $ 130,000.00 $ 6,000.00 Contingency liability$ 9,000.00 Goodwill $ 5,000.00 Net fair value of Sam Ltd $ 199,000.00 Amount transferred to Bod $ 201,600.00 Recorded goodwill$ 5,000Unrecorded goodwill$ (2400)Goodwill$ 2600At 30 June 2017ParticularsDebitCredit
ACC705 Corporate Accounting Assignment( CA)_3

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