Detailed Analysis of Company Accounting Homework Assignment Solution

This document presents a comprehensive solution to a company accounting assignment. The assignment focuses on the acquisition of Fish Ltd by Cat Ltd, exploring various accounting treatments related to business combinations. It includes detailed calculations and explanations for fair value adjustments of assets like plant, trademark, inventory, and equipment. The solution addresses the recognition of goodwill, depreciation of assets, and the impact of the acquisition on the financial statements. The assignment also covers the sale of machinery and the treatment of a guarantee liability. Furthermore, the solution demonstrates the application of accounting principles to specific scenarios, providing a clear understanding of the consolidation process and the impact of acquisition-related expenses. The document includes a bibliography of relevant accounting literature to support the analysis.