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On January 1st 2020 The Skywalker and Vadar Companies had the following balance sheets: SkyWalker Vadar cash 2,000,000 50,000 accounts receivable 1,000,000 80,000 inventory 1,000,000 50,000 equipment 1,000,000 100,000 accumulated depreciation 500,000 50,000 land 1,000,000 100,000 total assets 5,500,000 330,000 accounta payable 1,000,000 40,000 common stock $1 par 2,000,000 100,000 apic common stock 1,000,000 100,000 retained earnings 1,500,000 90,000 On January 2nd Skywalker acquired of 90% the outstanding stock of Vadar Company for 500,000 shares of common stock. On January 2nd Skywalker stock was selling for $2 per share. On January 1st the fair market value of Vadar's land was $125,000; the fair market value of their inventory was $130,000; the fair market value of the equipment was $30,000; other assets and liabilities had a fair market value equal to book value REQUIRED: A. MAKE THE JOURNAL ENTRY SKYWALKER MAKES WHEN IT ACQUIRES THE VADAR STOCK B. MAKE THE JOURNAL ENTRY VADAR MAKES WHEN ITS STOCK IS ACQUIRED BY SKYWALKER C. PREPARE A CONSOLIDATED BALANCE SHEET ON JANUARY 2ND D. MAKE THE NECESSARY WORKSHEET ENTRIES NEEDED TO PREPARE THE CONSOLDIATED BALANCE SHEET. WHAT WOULD BE THE REPORTED GOODWILL IF POTTER AND VOLDOMORT WERE BRITISH COMPANIES? ( UNDER IFRS)

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