Scribd Logo
Upload

Welcome to Scribd!

  • John LTD CH

    Uploaded by

    Sagitarius Sagitaria
    4 views3 pages
    exercise

    Original Title

    JOHN LTD CH

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    exercise

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views3 pages

    John LTD CH

    Uploaded by

    Sagitarius Sagitaria
    exercise

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    A. 1.

    Acquisition analysis

    Net fair value of identifiable assets

    Share capital 80000


    Reserve 30000
    RE 40000
    (less) Goodwill 0
    Total $150,000.00

    Net consideration transferrd

    Consideration 153000
    (Less) Dividend 0
    Net consideration transferred
    153000

    Goodwill $ 3,000.00

    (Less) Record 0

    Unrecorded G$ 3,000.00

    Consolidation Worksheet Entries on 1 January 2019

    1 July 2019 Goodwill 3000


    Business Combination Val 3000

    1 July 2019 Share capital 80000


    Reserve 30000
    RE 40000
    BCVR 3000
    Share in Robert Ltd 153000

    1 July 2020 Goodwill 3000


    Business Combination Val 3000

    1 July 2020 Share capital 80000


    Reserve 30000
    RE 40000
    BCVR 3000
    Share in Robert Ltd 153000

    B. 1. Acquisition analysis

    Net fair value of identifiable assets

    Share capital 80000


    Reserve 30000
    RE 40000
    (less) Goodwill 0
    Total $150,000.00

    Net consideration transferrd

    Consideration 148000
    (Less) Dividend 0
    Net consideration transferred
    148000

    Goodwill $ (2,000.00)

    (Less) Record 0

    Unrecorded G $ (2,000.00)
    Gain on bargain purchase
    $ 2,000.00

    Worksheet entries at 1 July 2019

    1 July 2019 Share capital 80000


    Reserve 30000
    RE 40000
    Gain on bargain purchase 2000
    Share in Robert Ltd 148000

    Worksheet entries at 1 July 2020

    1 July 2020 Share capital 80000


    Reserve 30000
    RE (40000-200 38000
    Share in Robert Ltd 148000

    RE balance - Gain on bargain purchae


    C. 1. Acquisition analysis

    Net fair value of identifiable assets

    Share capital 80000


    Reserve 30000
    RE 40000
    (less) Goodwill -4000
    Total $146,000.00

    Net consideration transferrd

    Consideration 145000
    (Less) Dividend 0
    Net consideration transferred
    145000

    Goodwill $ (1,000.00)

    (Less) Record 0

    Unrecorded G $ (1,000.00)
    Gain on bargain purchase
    $ 1,000.00

    You might also like