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2, ABC Ltd acquired all the issued shares of XYZ Ltd for $280,000. At this date, the equity of XYZ Ltd consisted of: Share capital General reserve Retained earnings Plant (cost $200 000) Land All the identifiable assets and liabilities of XYZ Ltd were recorded at amounts equal to thei fair values except for: Carrying amount $175,000 Inventory The tax rate is 30%. Question 9 100,000 10,000 $ 200,000 Required: Prepare an acquisition analysisat 1 July 2022 by ABC Ltd. 20,000 30,000 Fair value $190,000 120,000 15,000 ♫

2, ABC Ltd acquired all the issued shares of XYZ Ltd for $280,000. At this date, the equity of XYZ Ltd consisted of: Share capital General reserve Retained earnings Plant (cost $200 000) Land All the identifiable assets and liabilities of XYZ Ltd were recorded at amounts equal to thei fair values except for: Carrying amount $175,000 Inventory The tax rate is 30%. Question 9 100,000 10,000 $ 200,000 Required: Prepare an acquisition analysisat 1 July 2022 by ABC Ltd. 20,000 30,000 Fair value $190,000 120,000 15,000 ♫

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On 1 July 2022, ABC Ltd acquired all the issued shares of XYZ Ltd for $280,000. At this date, the equity of XYZ Ltd consisted of: Share capital General reserve Retained earnings Plant (cost $200 000) Land All the identifiable assets and liabilities of XYZ Ltd were recorded at amounts equal to their fair values except for: Carrying amount Inventory The tax rate is 30%. Question 9 $175,000 100,000 10,000 $ 200,000 Required: Prepare an acquisition analysisat 1 July 2022 by ABC Ltd. 20,000 30,000 Fair value $190,000 120,000 15,000 D
Transcribed Image Text:On 1 July 2022, ABC Ltd acquired all the issued shares of XYZ Ltd for $280,000. At this date, the equity of XYZ Ltd consisted of: Share capital General reserve Retained earnings Plant (cost $200 000) Land All the identifiable assets and liabilities of XYZ Ltd were recorded at amounts equal to their fair values except for: Carrying amount Inventory The tax rate is 30%. Question 9 $175,000 100,000 10,000 $ 200,000 Required: Prepare an acquisition analysisat 1 July 2022 by ABC Ltd. 20,000 30,000 Fair value $190,000 120,000 15,000 D
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