Prepare the acquisition analysis on 1 January 2022. Prepare the consolidation worksheet entries for Dwani Ltd’s group on 1 January 2022. 3. Prepare the consolidation worksheet entries for Dwani Ltd’s group on 30 June 2022 assuming the consideration transferred was $500 000.
Dwani Ltd acquired all the issued shares (cum div.) of Power Ltd for $653 000 on 1 January 2022. At that date, the equity of Power Ltd was recorded as follows.
Share capital $ 400 000
General reserve 88 000
On 1 January 2022, the records of Power Ltd showed that the company had previously recorded a
Required
- Prepare the acquisition analysis on 1 January 2022.
- Prepare the consolidation worksheet entries for Dwani Ltd’s group on 1 January
2022.
3. Prepare the consolidation worksheet entries for Dwani Ltd’s group on 30 June 2022 assuming the consideration transferred was $500 000.
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