i All your answers will automatically save as you proceed through the test. X Final Exam QUESTIONS 9: CONSOLIDATION WORKSHEET ENTRIES (20 MARKS) O (A) ACQUISITION ANALYSIS (10 MARKS) O On 1 July 2022, ABC Ltd acquired all the issued shares of XYZ Ltd for $288,000. At this date, O the equity of XYZ Ltd consisted of: Share capital $ 200,000 O O General reserve 10,000 O Retained earnings 40,000 O 100% O All the identifiable assets and liabilities of XYZ Ltd were recorded at amounts equal to their O fair values except for: O Carrying amount Fair value O Plant (cost $200 000) $185,000 $200,000 Land 100,000 120,000 Inventory 10,000 15,000 The tax rate is 30%. Question 11 Required Prepare an acquisition analysis at 1 July 2022 by ABC Ltd