Thats my assignment and my studest number is XXXXXXXXXXto geg the info

As per AASB 10, Consolidated financial statements, the relationship of Parent and subsidiary exist when, there is a controlling power in the hands of investor for the subsidiary company. The objective of this accounting standard is to ensure that when there is aa controlling power of one company on one or more entity, its governance rules, roles and responsibilities are clearly defined. In the given case, Sam Ltd holds 95% shares of Rex Ltd which clearly states that Sam Ltd holds controlling power for Rex Ltd. Hence, the relationship of Parent and Subsidiary exist between the companies. Sam Ltd is the parent Company and Rex Ltd is the Subsidiary company.
1. Prepare Acquisition analyses at Acquisition date
Net Fair Value of Identifiable Assets    $14,84,950
(-) Unrecorded Liability             $21,000
(+) Unrecorded Asset             $91,000
Net Fair value of Identifiable Assets $15,54,950
BCVR – Inventories              $3,640
BCVR – Land                 $9,100
BCVR – Vehicle                 $22,400
FVINA                     $15,90,090
Share of Holding (95%) $15,10,585
Cost of Acquisition             $17,47,000
Goodwill                 $2,36,415

2. Prepare business combination valuation entries and pre acquisition entry at acquisition date
Journal Entries at Acquisition Date     
    BCVR Entries
    Inventories    Dr     $5,200
    To DTL             $1,560
    To BCVR         $3,640
    Land        Dr     $13,000
    To DTL             $3,900
    To BCVR         $9,100
    Accumulated Depreciation Dr $40,500
To Vehicle $8,500
To DTL $9,600
To BCVR $22,400
     Goodwill Dr $2,36,415
To BCVR $2,36,415
Pre-acquisition Entry
    Retained earnings Dr $4,97,895
Share Capital Dr $6,63,860
General reserve Dr $2,48,947
BCVR Dr $2,66,298
Patent Dr $52,000
R & D Dr $39,000
To shares in Rex Ltd $17,47,000
To Contingent Liability $21,000
3. Prepare the Journal Entry to recognise NCI at acquisition date
    
    
    Sam Ltd
    Rex Ltd
    a)
    Issued capital
Direct NCI 5%
    $6,98,800
    
$34,940
    b)
    Retained Earnings
Direct NCI 5%
    $5,24,100
    
$26,205
    c)
    General Reserve
Direct NCI 5%
    $2,62,050
    
$13,102
4. Prepare Consolidated worksheet entries on 30th June 2020. Assume a profit for Rex Ltd for the year ended 30th...