9:41 Task 1 ---- 30 Marks_fdbbd761... Question 1: Assume that on January 1, 2019, TESCO Company acquired 80% (2,000 shares) of the stock of SUN Company for R.O. 30,000. What journal entry would TESCO Company make to record the shares of SUN Company acquired? Assume the difference is attributable to plant and equipment The balance sheets of both companies immediately after the acquisition of shares is as follows GO Computation and Allocation of Difference between Implied and Book Values: Nocleg Share tot Value The work paper to consolidate the balance sheets for TESCO and SUN on Jan 1, 2017, date of acquisition is presented below: SENT TESCO C C 9:41 Task 1 ---- 30 Marks_fdbbd761... Question 1: Assume that on January 1, 2019, TESCO Company acquired 80% (2,000 shares) of the stock of SUN Company for R.O. 30,000. What journal entry would TESCO Company make to record the shares of SUN Company acquired? Assume the difference is attributable to plant and equipment The balance sheets of both companies immediately after the acquisition of shares is as follows GO Computation and Allocation of Difference between Implied and Book Values: Nocleg Share tot Value The work paper to consolidate the balance sheets for TESCO and SUN on Jan 1, 2017, date of acquisition is presented below: SENT TESCO C C