User Account

All Pages

Create acquisition analysis as at july

Assignment Help Financial Accounting
Reference no: EM133015234

Question - On 1 July 2021, Xero Ltd acquired 90% of the issued shares of Accounting Ltd for $750,000 when the equity of Accounting Ltd consisted of:

Share Capital $400,000

Retained Earnings $150,000

Asset Revaluation reserve $50,000

At the acquisition date all the identifiable assets and liabilities of Accounting Ltd were recorded at fair value except for the following assets:

 Carrying Amount Fair Value

Equipment (Cost $100,000) $160,000 $200,000

Land $560,000 $700,000

The NCI at acquisition date is measured based on the proportionate share of the identifiable assets and liabilities in Accounting Ltd. The tax rate is 30%.

Required - Create Acquisition analysis as at 1 July 2021?

Reference no: EM133015234

Questions Cloud

Analyze pricing techniques for established products : Using the Internet or Strayer databases, analyze pricing techniques for established products and services. Next, select and explain the pricing strategy you wou
Characteristics of ideal bureaucracy by max weber : Have you seen ideal bureaucracy played out in real life? If so when and what were the circumstances? If not, do you think it's feasible?
What is perceived as negative influence on practices : Higher education is situated in a political climate that often wields what is perceived as negative influence on its practices.
What will be the ex-rights price : What will be the ex-rights price and the effect of each of these alternative offering prices on the existing price per share
Create acquisition analysis as at july : On 1 July 2021, Xero Ltd acquired 90% of the issued shares of Accounting Ltd for $750,000. Create Acquisition analysis as at 1 July 2021
Evaluate substantive symbolic and actions : Evaluate substantive symbolic and actions in your current or previous organization. Give specific examples of each.
Maintaining biblical and ethical beliefs : What would you need to do to prepare yourself for that assignment in terms of maintaining your Biblical and ethical beliefs?
Explore the websites of cratejoy and prospurly : Explore the websites of Cratejoy and Prospurly, which are discussed in Entrepreneurship in Action: Prospurly.
Challenges of staying on top in global fashion : Zara is a fashion brand that has excelled in winning over consumers to shop at its retail premises around the globe. But retailing is changing rapidly, moving t

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd