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Question - (a) What is a 'business combination' and which Australian accounting standard deals with this topic?
(b) Does any goodwill or bargain purchase need to be reported on acquisition? If so, where is the goodwill / bargain purchase amount reported? (2 marks)
(c) Parma Ltd purchased a parcel of assets and liabilities comprising a business directly from Pauls Pty Ltd. The parcel, measured at net fair values, consisted of:
Balance of Accounts:
Plant 250,000
Land 340,000
Vehicles 320,000
Accounts receivable 130,000
Accounts payable (148,000)
Total 892,000
Required - Prepare journal entries to record the acquisition by Parma Ltd, if the cost of acquisition was $1,100,000 cash.
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A corporation issued 20,000 shares of common stock with par value of &40 Per share for P45 per share. Find The journal entry to issue of the shares would be
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List the different costs associated with the new product decision down the extreme left column (under Name of the Cost).
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comprehensive exercise second production department-weighted-average method lo2 lo3 lo4 lo5 papyrutech corporation
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Discuss What are some important assumptions commonly made in CVP analysis? What significant assumptions and limitations should be considered
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