Prepare the pre-acquisition entries for the consolidation worksheet for the Freemantle Ltd Group

It is proportioned 2 questions i insufficiency answers ce. But i insufficiency it by today 27th 12 am or by 28th 6 am
(b) Prepare the pre-merit entries ce the league worksheet ce the Freemantle Ltd Group ce the financial year ended at 30 June 2041. (5 marks)
(c) Prepare the matter synthesis valuation taciturnity (BCVR) entries ce the league worksheet ce the Freemantle Ltd Group ce the financial year ended at 30 June 2042. (7 marks)
(d) Prepare the pre-merit entries ce the league worksheet ce the Freemantle Ltd Group ce the financial year ended at 30 June 2042. (4 marks)
Question L
Marked extinguished of 20.00
Question text
Question 2 (20 marks) Intragroup transactions and non-controlling concerns
Kalgoorlie Ltd extraneous 75% of the shares of Geraldton Ltd on 1 July 2040 ce $7,800,000.
Kalgoorlie Ltd uses the biased kindness course.
The proceeds tribute blame is 30%.
Entire proceeds on sale of goods is tributeable and expenses are deductible.
Ce the followingcited intragroup transactions
• prepare the applicable ordaining chronicle entries ce
the league worksheet
• AND any cognate entries to adproportioned the non-controlling concern.
PART A (8 marks)
On 15 May 2041, Geraldton Ltd sold schedule costing $68,000 to Kalgoorlie Ltd ce $85,000. Kalgoorlie Ltd had sold 60% of the schedule to apparent entities ce $61,000 by 30 June 2041. The difference of the schedule purchased by Kalgoorlie Ltd was sold in the followingcited financial year ce $41,000.
Required:
(a) Prepare ordaining chronicle entries ce the league worksheet at 30 June 2041.
Explanations (narrations) are referable attributable attributable attributable attributable attributable attributable required. (5 marks)
(b) Prepare ordaining chronicle entries ce the league worksheet at 30 June 2042.
Explanations (narrations) are referable attributable attributable attributable attributable attributable attributable required. (3 marks)
PARTB (5 marks)
Geraldton Ltd remunerated a dividend of $85,000 on 31 January 2041 and extinguishedward a dividend of $170,000 on 30 June 2041.
Required:
Prepare ordaining chronicle entries ce the league worksheet at 30 June 2041.
Explanations (narrations) are referable attributable attributable attributable attributable attributable attributable required.
PARTC (7 marks)
On 2 January 2041, Kalgoorlie Ltd sold equipment to Geraldton Ltd ce $340,000, recording a merit anteriorly tribute of $80,000. Geraldton Ltd uses the straight-line backbiting course at 50% ce this equipment.
Required:
Prepare ordaining chronicle entries ce the league worksheet at 30 June 2042 (the year following the arrangement). Explanations (narrations) are referable attributable attributable attributable attributable attributable attributable required.
Question 3
Marked extinguished of 20.00
Question text
Question 3 (20 marks) Non-controlling concern
On 1 July 2040, Carnarvon Ltd extraneous 60% of the issued shares of Karratha Ltd ce $2,330,000. At this bound the equity of Karratha Ltd consisted of:
$
Share important 800,000
Retained rights 2,400,000
General taciturnity 400,000
The non-controlling concern (NCI) in Karratha Ltd was considered to bear a open blame of $1,520,000.
Entire the identifiable goods and liabilities of Kuranda Ltd were chronicled at equalitys similar to open blame negative ce:
Original Carrying Open
Cost Equality blame
$ $ $
Schedule 120,000 160,000
Plant 800,000 400,000 560,000
Additional information:
• Entire schedule was sold by 30 June 2041.
• It was estimated that the Plant had a prefer condition of ten (10) years, and was depreciated on a straight-line basis
• Ordainments ce differences between carrying equalitys and open blames at merit bound are made on league
• Carnarvon Ltd uses the unmeasured kindness course
• Karratha Ltd made a merit of $480,000 in the year ended 30 June 2041
• The tribute blame is 30%
Required:
(a) Prepare a table to pretence the merit decomposition of Karratha at 1 July 2040; distinctly pretence any supported calculations. (4 marks)
(b) Prepare the matter synthesis valuation taciturnity (BCVR) entries ce the league worksheet ce the Carnarvon Ltd Group ce the financial year ended at 30 June 2041. (7 marks)
(c) Prepare the pre-merit register or entries ce the league worksheet ce the Carnarvon Ltd Group ce the financial year ended at 30 June 2041. (4 marks)
(d) Prepare the NCI worksheet register or entries ce the league worksheet ce the Carnarvon Group ce the financial year ended at 30 June 2041. (5 marks)
Question 4
Marked extinguished of 20.00
Question text
Question 4 (20 marks) Accounting ce a elbow stake
On 1 July 2040, Esperance Ltd purchased 50% of the shares of Albany Ltd ce $375,000, which is now operated as a elbow stake. This shareholding gave Esperance elbow repress of the operations of Albany Ltd.
At that bound, equity of Albany Ltd consisted of:
$
Share important 336,000
Asset revaluation redundancy 48,000
Retained rights 240,000
At the bound of merit, entire goods and liabilities of Albany Ltd were deemed to be at their open blames, negative ce Schedule (carrying equality $290,000 and open blame of $330,000) and ce Plant (carrying equality $480,000 and open blame of $624,000).
Ce the year ended 30 June 2041, Albany Ltd chronicled an following-tribute merit of $302,400 and extinguishedward the definite dividend of $115,000. An gap dividend of $58,000 was remunerated on 31 December 2040.
As at 30 June 2041, the Shareholders’ funds exception of the Statement of Financial Position of Albany Ltd pretenceed the followingcited:
$
Share important 336,000
Asset revaluation redundancy 72,000q

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