Question 4 On 1 July 2016, A Ltd acquired 60% of the issued...

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Accounting

Question 4
On 1 July 2016, A Ltd acquired 60% of the issued shares of B Ltd for $190000. At this date, the
equity of B Ltd was:
At acquisition date
At 30 June 2018, the equity of B Ltd consisted of:
During the 2017-18 year B Ltd recorded a profit of $20000.
Required
Prepare the consolidated worksheet entries at 30 June 2018 for A Ltd assuming:
At 1 July 2016, the fair value of the non-controlling interest was $125000 and A Ltd adopts
the full goodwill method.
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