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please show workings Juicy Ltd paid R1 815300 for a 65\% controlling...

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Accounting

please show workings image
Juicy Ltd paid R1 815300 for a 65\% controlling interest in Fruity Ltd on 1 April 2023. At the date of acquisition, equipment was considered to be undervalued by R110 000 . The non-controlling interest was measured to be R910 000 at the acquisition date. Only the following accounts comprised the equity of Fruity Ltd on 1 April 2023: Additional information: - Juicy Ltd elected to measure the non-controlling interest in Fruity Ltd at its proportionate share of Fruity Ltd's identifiable net assets on the acquisition date. - Assume a companies' tax rate of 27%. - Fruity Ltd accounts for investments in subsidiaries at cost in accordance with IAS 27.10(a) in its separate financial statements. REQUIRED: Prepare the pro-forma journal entries to account for the investment in Fruity Ltd at the acquisition date, 1 April 2023, in the records of the Juicy Ltd Group i.e., to consolidate Fruity Ltd. Dates are not required however the narration is required. A '?' indicates an amount that needs to be calculated i.e., it has not been given. Show and reference all your workings and calculations clearly. (20 marks)

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