- For question 1, please provide additional BCVR entries and pre-acquisition consolidation entries at 1 July 2023

Moora Ltd acquired all the issued shares (ex div.) of Banya Ltd on 1 July 2023 for $110000. At this date Banya Ltd recorded a dividend payable of $10000 and equity of the following. All the identifiable assets and liabilities of Banya Ltd were recorded at amounts equal to their fair values at acquisition date except for the following. Of the inventories, 90% was sold by 30 June 2024 . The remainder was sold by 30 June 2025 . The machinery was considered to have a further 5-year life and it is depreciated on a straight-line basis. Both Banya Ltd and Moora Ltd use the revaluation model for land. At 1 July 2023, the balance of Moora Ltd's asset revaluation surplus was $13500. In May 2024, Banya Ltd transferred $3000 from the retained earnings at 1 July 2023 to a general reserve. The tax rate is 30%. The following information was provided by the two companies at 30 June 2024. Required 1. Prepare the acquisition analysis at 1 July 2023. 2. Prepare the consolidation worksheet entries for Moora Ltd's group at 30 June 2024. 3. Prepare the consolidated financial statements for Moora Ltd's group at 30 June 2024. Moora Ltd acquired all the issued shares (ex div.) of Banya Ltd on 1 July 2023 for $110000. At this date Banya Ltd recorded a dividend payable of $10000 and equity of the following. All the identifiable assets and liabilities of Banya Ltd were recorded at amounts equal to their fair values at acquisition date except for the following. Of the inventories, 90% was sold by 30 June 2024 . The remainder was sold by 30 June 2025 . The machinery was considered to have a further 5-year life and it is depreciated on a straight-line basis. Both Banya Ltd and Moora Ltd use the revaluation model for land. At 1 July 2023, the balance of Moora Ltd's asset revaluation surplus was $13500. In May 2024, Banya Ltd transferred $3000 from the retained earnings at 1 July 2023 to a general reserve. The tax rate is 30%. The following information was provided by the two companies at 30 June 2024. Required 1. Prepare the acquisition analysis at 1 July 2023. 2. Prepare the consolidation worksheet entries for Moora Ltd's group at 30 June 2024. 3. Prepare the consolidated financial statements for Moora Ltd's group at 30 June 2024