E Company Ltd, a reporting entity, purchases all the issued shares of D Company Pty Ltd for $2,100,000. The net assets of D Company Pty Ltd at the date of acquisition consist of land $2,500,000 and a liability of $400,000 with these values representing their respective fair values. E Company Ltd will record the acquisition in its separate accounting records as follows: O a. Dr. Investment in D Company Pty Ltd $2,100,000 Cr. Issued Capital $2,100,000 Ob. None of these options is correct Oc Dr. Investment in D Company Pty Lbd $2.100,000 Cr. Cash $2,100,000 Od Dr. Land $2.500,000 Cr. Liability $400.000 Cr. Cash $2,100.000

Assume that Company A acquires 70 per cent of Company B for a cash price of $14million when the share capital and reserves of Company B are:Share capital $8 millionRetained earnings $2 million$10 million(a) What amount of goodwill will be shown in the consolidated statement of financialposition pursuant to AASB 3 assuming that any non-controlling interest in the acquireris measured at fair value? (1 marks)(b) What amount of goodwill will be shown in the consolidated statement of financialposition pursuant to AASB 3 assuming that any non-controlling interest in the acquireris measured at the non-controlling interest’s proportionate share of the acquiree’sidentifiable net assets? (1 marks)(c) Pass the necessary consolidation journal entries and the journal entries to record thenon-controlling interest if the non-controlling interest in the acquirer is measured atthe non-controlling interest’s proportionate share of the acquiree’s identifiable netassets. (4 marks)(d) What are some of the…

The PTCL Ltd acquires all issued capital of the S Ltd for a consideration of $1,000,000 cash and 800,000 shares each valued at $1.50. The summary statement of the financial position of the subsidiary company immediately following the acquisition is: Fair value of assets acquired $2,640,000 Fair value of liabilities acquired $720,000 Total shareholders’ equity of the subsidiary company $800,000 Retained earnings of the subsidiary company $1,120,000 Required: (a) Pass the necessary journal entry to record the acquisition (b) Determine the amount of goodwill (or bargain purchase) arising out of the acquisition (c) Pass the necessary consolidation entry to eliminate the subsidiary by the parent company (d) Determine the amount of goodwill (or bargain purchase) arising out of the acquisition if the purchase consideration paid was $1,000,000 cash and 400,000 shares each valued at $1.50.Thanks

Unity Ltd acquired 100% of the issued shares of Vista Ltd for cash consideration of $250 000. At the date of acquisition, Vista Ltd Had had share capital of $100 000, retained earnings of $60 000 and liabilities of $80 000. There are no fair value adjustments required at the acquisition date. What is the amount of goodwill recognised on consolidation? O a $10,000 O b. $90,000 O $110,000 O d. $150,000 Next page