Question 19 8 Business Combination Valuation Entries Pre Acquisition Entries Sub

•Artworks having a fair value of $60 000.

Robert Ltd incurred legal and accounting costs of $5000 and share issue costs of $4000.

In January 2019, Matt Ltd paid a bonus dividend of $40 000, being one share for every three shares held, the dividend being paid from retained earnings on hand at 1 July 2015.

The tax rate is 30%.

Required

Prepare the consolidation worksheet entries for consolidated financial statements prepared by Robert Ltd at 30 June 2020.

Posted in Uncategorized

Place this order or similar order and get an amazing discount. USE Discount code “GET20” for 20% discount