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Answered Same DayMay 26, 2021

Answer To: B27052E9-0AE4-4981-B26E-99AC8A44607A.jpeg

Pallavi answered on May 29 2021
153 Votes
Sheet2
    1 Acquisition analysis at acquistion date
    At 1st July 2018
    Net fair value of identifiable assets and liabilities of Carl Ltd                            FV    CA    differe
nce     net of tax    Total    97%    3%
    Particulars    Amount $    NCI @3%                Inventory    28100    25500    2600    70.0%    1820    1765    55
    Share capital    329412    10188                Land    70000    64000    6000    70.0%    4200    4074    126
    Retained Earnings     247059    7641                Plant    95000    79000    16000    70.0%    11200    10864    336
    General Reserves    123529.5    3821                Patent    25000        25000    70.0%    17500    16975    525
    (+) Inventory    1765    55                R & D    19000        19000    70.0%    13300    12901    399
    Land    4074    126                C Liability    10000        10000    70.0%    7000    6790    210
    Plant    10864    336
    Internally generated Patent    16975    525
    Internally generated R & D    12901    399
    (-) Contingent Liability    7000    210
    Total    739580    22880
    Consideration Transferred    849000
    Goodwill    109420
    2 Business combination valuation entries as on 1st July 2018
    Particulars    Amount $    Amount $
    Inventories Dr    2522
     To Deferred Tax Liabilty        756.6
     To Business Combination valuation Reserves        1765.4
    Land Dr    5820
     To Deferred Tax Liabilty        1746
     To Business Combination valuation Reserves        4074
    Plant Dr    15520
     To Deferred Tax Liabilty        4656
     To Business Combination valuation Reserves        10864
    Internally generated Patent Dr    24250
    Internally generated R & D Dr    18430
     To Deferred Tax Liabilty        12804
     To Business Combination valuation Reserves        29876
    Business...
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