How did Empire accountants account for each element

Assignment Help Accounting Basics

Reference no: EM132654417

Question - Find the 2019 Annual Report (MD & A) and Consolidated Financial Statements for the 52 weeks ended May 4, 2019 of Empire Company Limited, read it carefully and highlight anything related to business combinations.

Make a report with the following three sections:

1. Overview of the acquisition of Farm Boy (just Farm Boy, not Kim Phat).

2. A detailed analysis of accounting for business combination regarding the acquisition of Farm Boy (can be done in a table format)

How did Empire's accountants account for each element (each asset and liability acquired) of the transaction?

How is each element consistent with IFRS and with what we learned from the text book?

Whether or not other choices could have been available or not for each element.

Your conclusion as to whether what we learn in class applies in real life.

Reference no: EM132654417

Questions Cloud

What is the company internal growth rate : Swan Supply Ltd has a profit of $1,212,335 on assets of $12,522,788 and retains 70 percent of its profit every year. What is the company's internal growth rate?

Determine the cost recorded in the journal : Determine the cost recorded in the journal for the following situation;Blazing Co. is looking for a new stove and has narrowed down their purchase

Calculate the efn : All assets and costs (including tax) vary directly with sales, and the company expects to maintain its payout ratio of 65 percent.

Evaluate the new scheme with a focus on data usability : Why you want the data and the resulting benefits to the community and How you will visualise the results and add insights in an ethical way

How did Empire accountants account for each element : How did Empire's accountants account for each element (each asset and liability acquired) of the transaction? How is each element consistent with IFRS

Compare the two major political parties : Compare and contrast the two major political parties in the United States and one minor third party in the United States.

What is the margin in dee account : Dée Trader opens a brokerage account, and purchases 300 shares of Internet Dreams at $40 per share. She borrows $4,000 from her broker to help pay for the purch

What are the goals and objectives of presentation : Introduction: Clearly identifies the topic, Establishes goals and objectives of presentation. Introduce clearly the topic. Population at Risks Factor.

Components of government that most impact your daily life : From your own understanding and perspective identify four components of government that most impact your daily life.

User Account

All Pages