Prepare the acquisition analysis at June

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Question - On 1 July 2016, A Ltd acquired 80% of the issued shares of B Ltd for $190 000. At this date, the equity of B Ltd was:

Share capital $100,000

General reserve 50,000

Retained earnings 60,000

At 1 July 2016, the fair value of the non-controlling interest was $45 000 and A Ltd adopts the full goodwill method.

At 30 June 2018, the equity of B Ltd consisted of:

Share capital $100,000

General reserve 70,000

Retained earnings 90,000

During the 2017-18 year B Ltd recorded a profit of $20 000.

Required - Prepare the acquisition analysis at 30 June 2018 assuming A Ltd adopts the full goodwill method.

Reference no: EM132652164

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