Applying accounting standards issues relevant to the consolidation process, Required;

1- The acquisition analysis at acquisition date.

2- The business combination

valuation entries and pre-acquisition entry at acquisition date.

3- The journal entry to

recognise NCI at acquisition date.

4- The consolidation worksheet entries at 30 June 2020.

Assume a profit for rex Ltd for the year ended 30 June 2020 of $6862100.

5- Analyse how step 1 to 4 will change if the full goodwill method is used.

6- Compare in detail the

current situation with the case that Sam Ltd acquires only 20% of issued shares

of Rex Ltd with a significant influence on Rex Ltd.

Hi, I just need help with Number 4 questions: