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The following are the Wstatements of nancial position of three related companies at as 30 June 2017: Plant and Machinm'y Current Assets Inventor-y on...

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The following are the Wstatements of financial position of three related companies at as 30 June 2017: Plant and Machinm'y Current Assets Inventor-y on hand Debentures in C Ltd
45,000 Shares in B Ltd
20,000 shares in C Ltd
Total Assets Retained earnings
Liabilities Debentures (due 30 June 2010) A Ltd and E Ltd acquired their holdings in E Ltd and C Ltd respectively on 1 July 2015, at which date the shareholders’ equitywas as follows: Share Capital as per share) At the date of acquisition, all assets were stated at their fair value. Ignore income’expense paid on the intacompany debenture holding. Inventory on hand at 30 June 201’}I included goods obtained from within the group and incorporated in the books at invoice prices which exceeded cost to the
following extent: 0 Goods supplied by B Ltd to A Ltd at 2,500 above cost; 0 GoodssuppliedbyCLtdtoALtdat 1,500 above cost; and O Goods supplied by C Ltd to B Ltd at 1,200 above cost.
The tax rate is 30%. The directors had applied the impairment test for goodwill annually and determined that a write-down of $3,090 is required
for consolidation purposes as at 30 June 2017, being $440 write-down of goodwill in B Ltd and a $2,650 write-down of goodwill in C Ltd. The
cumulative goodwill impairment write-downs firr prior" years totem $3,090, being $440 write-down of goodwill in B Ltd and $2,650 write-down
of goodwill in C Ltd. Assume all non-controlling intaests are measured at the non-controlling interest’s proportionate share of the m
identifiable net assets. Periodic inventory system is used. Required:
1. Prepare acquisition analysis and consolidation journal entries at the acquisition date. 2. Prepare related consolidation Journal entries as at 30 June 2017.
3. Calculate direct non-controlling intaests, indirect non-controlling interests and total non-controlling interests.

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