Question: need help with this question On 1 July 201? white Id required all the issued capital ofanna ltd for a cash payments of $50,000 when

need help with this question

need help with this question On 1 July 201? white
On 1 July 201? white Id required all the issued capital ofanna ltd for a cash payments of $50,000 when the equity of blackltd was Share capital $480000 Retained earning $50,000 At 1 July 2017 a assets black ltd were fairly valued with the exception of an item. Of plant with a carrying amount of $330000 but fair value of $390000 the plant was initially acquired by black ltd on 1 July 2013 for $550000 when it has an estimated useful of 10 years with no residual value tax rate is 30% redate is 30 June white ltd also has shareholding in other companies Required i) Prepare an acquisition analysis and determine the amount of goodwill or gain bargain purchase at acquisition ii) Prepare the acquisition elimination journal entries for consolidation as at 30 June 2020(number consolidation elimination journal entries by 1,2,3 iii) During the year 30 June 2020 intra group sales inventory between white ltd and black ltd were $55000 of which the amount of unrealised profit was inventory at the end of the year $6000 Prepare the consolidation elimination journal entry for intra-group dividend for the year ending 30 June 2020

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