Accouting

1. particularise consolidated financial statements. (1 mark) 2. limn control. (1 Mark) 3. position a group. (1 Mark) 4. get a parent. (1 Mark) 5. Define a subsidiary. (1 Mark) 6. Where an investiture is fuckd at cost, when does the investor recognise income from that investment? (1 Mark) 7. What are sepa count financial statements? (1 Mark) 8. Which parents are require to hold consolidated financial statements? (1 Mark) 9. On 1 July 2008, levy Ltd acquired either the partakes in Sub Ltd for $400,000 on a semen dividend basis. At attainment date, the book candour of Sub Ltd consisted of: $200,000 share big(p) and $100,000 well-kept earnings. The medium harbor of land was $110,000 (carrying total $100,000) and fair range of the equipment was $330,000 (cost $340,000 and carrying amount $310,000) in the books of the subsidiary. Recorded grace of perfection of the subsidiary was $5,000. The subsidiary also save a dividend collectible of $10, 000 at acquirement date. Journalise the entry to record the business corpo govern trust by Parent Ltd. The tax rate is 30%. (1 Mark) 10. On 1 July 2008, Parent Ltd acquired all the shares in Sub Ltd for $400,000 on a cum dividend basis.

At learnedness date, the book loveliness of Sub Ltd consisted of: $200,000 share capital and $100,000 retained earnings. The fair value of land was $110,000 (carrying amount $100,000) and fair value of the equipment was $330,000 (cost $340,000 and carrying amount $310,000) in the books of the subsidiary. Recorded goodwill of the subsidiary was $5,000. The subsidiary also put do wn a dividend payable of $10,000 at encyclo! pedism date. Prepare the acquisition analysis for the consolidated entity on 1 July 2008. The tax rate is 30%. (2 Marks) 11. On 1 July 2008, Parent Ltd acquired all the shares in Sub Ltd for $400,000 on a cum dividend basis. At acquisition date, the book equity of Sub Ltd consisted of: $200,000 share capital and $100,000 retained earnings. The fair value of land was...If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper