Prepare the pre-acquisition entries for the consolidation worksheet for the Freemantle Ltd Group

It's simply 2 questions i would like solutions for. However i would like it by in the present day 27th 12 am or by 28th 6 am (b) Put together the pre-acquisition entries for the consolidation worksheet for the Freemantle Ltd Group for the monetary 12 months ended at 30 June 2041. (5 marks) (c) Put together the enterprise mixture valuation reserve (BCVR) entries for the consolidation worksheet for the Freemantle Ltd Group for the monetary 12 months ended at 30 June 2042. (7 marks) (d) Put together the pre-acquisition entries for the consolidation worksheet for the Freemantle Ltd Group for the monetary 12 months ended at 30 June 2042. (four marks) Query L Marked out of 20.00 Query textual content Query 2 (20 marks) Intragroup transactions and non-controlling pursuits Kalgoorlie Ltd acquired 75% of the shares of Geraldton Ltd on 1 July 2040 for $7,800,00zero. Kalgoorlie Ltd makes use of the partial goodwill methodology. The revenue tax charge is 30%. All revenue on sale of belongings is taxable and bills are deductible. For the next intragroup transactions • present the related adjusting journal entries for the consolidation worksheet • AND any associated entries to regulate the non-controlling curiosity. PART A (eight marks) On 15 Could 2041, Geraldton Ltd bought stock costing $68,00zero to Kalgoorlie Ltd for $85,00zero. Kalgoorlie Ltd had bought 60% of the stock to exterior entities for $61,00zero by 30 June 2041. The rest of the stock bought by Kalgoorlie Ltd was bought within the following monetary 12 months for $41,00zero. Required: (a) Put together adjusting journal entries for the consolidation worksheet at 30 June 2041. Explanations (narrations) will not be required. (5 marks) (b) Put together adjusting journal entries for the consolidation worksheet at 30 June 2042. Explanations (narrations) will not be required. (three marks) PARTB (5 marks) Geraldton Ltd paid a dividend of $85,00zero on 31 January 2041 and declared a dividend of $170,00zero on 30 June 2041. Required: Put together adjusting journal entries for the consolidation worksheet at 30 June 2041. Explanations (narrations) will not be required. PARTC (7 marks) On 2 January 2041, Kalgoorlie Ltd bought gear to Geraldton Ltd for $340,00zero, recording a revenue earlier than tax of $80,00zero. Geraldton Ltd makes use of the straight-line depreciation methodology at 50% for this gear. Required: Put together adjusting journal entries for the consolidation worksheet at 30 June 2042 (the 12 months after the disposal). Explanations (narrations) will not be required. Query three Marked out of 20.00 Query textual content Query three (20 marks) Non-controlling curiosity On 1 July 2040, Carnarvon Ltd acquired 60% of the issued shares of Karratha Ltd for $2,330,00zero. At this date the fairness of Karratha Ltd consisted of: $ Share capital 800,00zero Retained earnings 2,400,00zero Common reserve 400,00zero The non-controlling curiosity (NCI) in Karratha Ltd was thought-about to have a good worth of $1,520,00zero. All of the identifiable belongings and liabilities of Kuranda Ltd had been recorded at quantities equal to honest worth apart from: Unique Carrying Truthful Price Quantity worth $ $ $ Stock 120,00zero 160,00zero Plant 800,00zero 400,00zero 560,00zero Further info: • All stock was bought by 30 June 2041. • It was estimated that the Plant had an additional lifetime of ten (10) years, and was depreciated on a straight-line foundation • Changes for variations between carrying quantities and honest values at acquisition date are made on consolidation • Carnarvon Ltd makes use of the complete goodwill methodology • Karratha Ltd made a revenue of $480,00zero within the 12 months ended 30 June 2041 • The tax charge is 30% Required: (a) Present a desk to point out the acquisition evaluation of Karratha at 1 July 2040; clearly present any supporting calculations. (four marks) (b) Put together the enterprise mixture valuation reserve (BCVR) entries for the consolidation worksheet for the Carnarvon Ltd Group for the monetary 12 months ended at 30 June 2041. (7 marks) (c) Put together the pre-acquisition entry or entries for the consolidation worksheet for the Carnarvon Ltd Group for the monetary 12 months ended at 30 June 2041. (four marks) (d) Put together the NCI worksheet entry or entries for the consolidation worksheet for the Carnarvon Group for the monetary 12 months ended at 30 June 2041. (5 marks) Query four Marked out of 20.00 Query textual content Query four (20 marks) Accounting for a three way partnership On 1 July 2040, Esperance Ltd bought 50% of the shares of Albany Ltd for $375,00zero, which is now operated as a three way partnership. This shareholding gave Esperance joint management of the operations of Albany Ltd. At that date, fairness of Albany Ltd consisted of: $ Share capital 336,00zero Asset revaluation surplus 48,00zero Retained earnings 240,00zero On the date of acquisition, all belongings and liabilities of Albany Ltd had been deemed to be at their honest values, apart from Stock (carrying quantity $290,00zero and honest worth of $330,00zero) and for Plant (carrying quantity $480,00zero and honest worth of $624,00zero). For the 12 months ended 30 June 2041, Albany Ltd recorded an after-tax revenue of $302,400 and declared the ultimate dividend of $115,00zero. An interim dividend of $58,00zero was paid on 31 December 2040. As at 30 June 2041, the Shareholders’ funds part of the Assertion of Monetary Place of Albany Ltd confirmed the next: $ Share capital 336,00zero Asset revaluation surplus 72,000q
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