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    tahir94's Avatar
    tahir94 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jan 24, 2016, 11:35 AM
    Bcvr and acquisition analysis
    CONSIDERATION TRANSFERRED $88 000.
    nET ASSETS:
    Share capital $ 40 000
    General reserve 10 000
    Retained earnings 8 000
    All the identifiable assets and liabilities of Rex Ltd were recorded at amounts equal to their fair values except for:


    Fixtures & Fittings (cost $70 000) CARRYING VALUE$50 000 FV$55 000
    Inventory Carrying Value10 000 FV16 000
    Of the inventory on hand at 1 January 2016, 90% was sold by 30 June 2016. The remainder was all sold by 30 June 2017. The Fixtures & Fittings was considered to have a further 2-year life with benefits to be received equally in each of those years. There were no records in the books for a provision of legal claim worth 5,000 and patents of 60,000. These were reflected at fair value. The tax rate is 30%.

    I need to Prepare the consolidated worksheet entries for the consolidated financial statements prepared by Tamara Ltd at 30 June 2016.
    Show acquisition analysis calculation, BCVR entries and Pre-acquisition entries for 30.6.16
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jan 24, 2016, 11:44 AM
    What do YOU think ?
    While we're happy to HELP we wont do all the work for you.
    Show us what you have done and where you are having problems..
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #3

    Jan 24, 2016, 02:14 PM
    "I need to Prepare the consolidated worksheet entries" Yes you do, and then we will help. Remember this is a HELP, not DO desk.
    tahir94's Avatar
    tahir94 Posts: 2, Reputation: 1
    New Member
    		  
    #4

    Jan 24, 2016, 02:26 PM
    I need to know the format of answering this question once I learn it I can solve it myself.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #5

    Jan 24, 2016, 02:27 PM
    What does your text book say..
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