assignmentAssignment question Student # 11800287 Step 1: Select your student number from the drop...

Question

assignmentAssignment question 	Student #	11800287		Step 1:	Select your student number from the drop down list 									97	819000	44100 	Bhuwan	BHATT		Step 2:	Check your Name to ensure you have selected your student number correctly									%	Consideration	Profit 	Important: The file should be opened in Excel			Step 3:	Find your following assignment question and follow the directions . 				Step 4:	Prepare your assignment in Microsoft Word. 				Step 5:	Upload your assignment in Moodle before the due date. 	The assignment must be typed, use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, a WORD format file soft copy  to be submitted  in Moodle before the due date. Please ensure you provide your ID numbers and full name at the first page. Late assignments will be penalised, 5%of total available marks deduction per day. 	Assignment Question 	Nina Ltd purchased 97% of the issued shares of Carl Ltd for $819000 on 1 July 2018 when the equity of Carl Ltd was as follows; 	Share capital	327600 	Retained earnings	245700 	General reserve	122850	696150 	At this date, Carl Ltd had not recorded any goodwill, and all identifiable assets and liabilities were recorded at fair value except for the followings; 	Account	Cost	Carrying Amount	Fair value	Further life(Years) 	Inventories		$24,600	$27,100 	Land		$61,000	$67,000 	Furniture	$95,000	$76,000	$91,000	4 	Carl Ltd identified at acquisition date a contingent liability related to a lawsuit where Carl Ltd was sued by a former supplier			$10,000 	Carl Ltd had unrecorded and internally generated Patent with the FairValue of:			$25,000 	Carl Ltd had unrecorded and internally generated in-process research and development with the FairValue of:			$19,000 	60% of inventory on hand at 1 July 2018 were sold by 30 June 2019. Further life of the assets are listed on the above table. Partial goodwill method is under use and Tax rate:30% 	Required 	1- Prepare the acquisition analysis at acquisition date. 	2- Prepare the business combination valuation entries and pre-acquisition entry at acquisition date. 	3- Prepare the journal entry to recognise NCI at acquisition date. 	4-Prepare the consolidation worksheet entries at 30 June 2019. Assume a profit for Carl Ltd for the year ended 30 June 2019 of $44100. 	5- Explain how the step 1 to 4  will change if the full goodwill method is used.  	6.  List and explain the accounting standards issues relevant to the consolidation process.  	7.   Compare in detail the current situation with the case that Nina Ltd acquires only 20% of issued shares of Carl Ltd with a significant influence on Carl Ltd. 	6 	17 	49 	5 	57 	99 	84 	17 Instruction 	Student #	11800287		Step 1:	Enter your student number  				Step 2:	Have a look to Customer Database sheet 	92			Step 3:	Read Yellow Cells Directions for 			Red sheets 	38			Step 4:	Complete and calculate the pink cells 	84 	37 	66 	27 	17 	49 	66 	17 	5 	12 	71 	5 	3 	27 	99 	3 	99 	49 	12 	12 	49 	84 	6 	71 	92 	99 	27 	6 	38 	27 	38 	92 	3 	84 	5 	5 	57 	3 	66 	5 	71 	38 	66 	57 	6 	5 	71 	57 	12 	5 	6 	17 	49 	5 	57 	99 	84 	17 Customers database 	% 	First name	Surname	ID number	Profit	Consideration	Asset 1	Asset 2	Asset 3	Asset 1-CA	Asset 2-CA	Asset 3-CA	Asset 3 cost	Asset 3 Acc-Dep	Asset 4 CA	Asset 4 Cost	Asset 3 Life	Asset 1-FV	Asset 2-FV	Asset 3-FV	Asset 4-FV	Control%	NCI	Asset 1-Diff	Asset 2-Diff	Asset 3-Diff	Asset 1-BCVR	Asset 2-BCVR	Asset 3-BCVR	Asset 4-BCVR	LiB FV-BCVR	Equity 1-Name	equity 2-Name	equity 3-Name	Equity 1	Equity 2	Equity 3	Total Equity	FVINA	NCI in Davis	Aggregate 	Goodwill	Profit 	Malik Adnan Hussain	BHATTI	11600405	18000	922000	Inventories	Land 	Machinery  	138,000	277,000	323,000	388,000	65,000	13,250	14,875	5	248,000	499,000	581,000	16,500	90	10	110000	222000	258000	77000	155400	180600	2275	35000	Share capital	Retained earnings	General reserve	323,000	138,000	111,000	572000	952275	95228	1017228	64953		-   104,220 	Sushma	TAMANG THAPA	11601169	49000	2450000	Inventories	Land 	Plant	368,000	735,000	858,000	1,030,000	172,000	36,250	39,375	10	662,000	1,323,000	1,544,000	42,500	91	9	294000	588000	686000	205800	411600	480200	4375	35000	Share capital	General reserve	Asset revaluation surpluss	858,000	368,000	294,000	1520000	2586975	232828	2682828	95853		-   216,860 	Sanjog	K C	11700775	33000	1662000	Inventories	Land 	Equipment 	249,000	499,000	582,000	698,000	116,000	24,350	26,525	4	448,000	898,000	1,048,000	28,700	92	8	199000	399000	466000	139300	279300	326200	3045	35000	Share capital	Asset revaluation surpluss	Retained earnings	582,000	249,000	199,000	1030000	1742845	139428	1801428	58583		-   208,150 	Prapti	BHATTARAI	11701033	44000	2178000	Inventories	Land 	Furniture	327,000	653,000	762,000	914,000	152,000	32,150	33,225	8	589,000	1,175,000	1,372,000	34,300	90	10	262000	522000	610000	183400	365400	427000	1505	35000	Share capital	Retained earnings	General reserve	762,000	327,000	261,000	1350000	2292305	229231	2407231	114926		-   206,075 	Akashdeep	SINGH	11701037	44000	2186000	Inventories	Land 	Vehicle 	328,000	656,000	765,000	918,000	153,000	32,250	33,375	5	590,000	1,181,000	1,377,000	34,500	91	9	262000	525000	612000	183400	367500	428400	1575	35000	Share capital	General reserve	Asset revaluation surpluss	765,000	328,000	262,000	1355000	2300875	207079	2393079	92204		-   246,500 	Simran Kaur	--	11701254	52000	2620000	Inventories	Land 	Machinery  	393,000	786,000	917,000	1,100,000	183,000	38,750	43,125	10	707,000	1,415,000	1,651,000	47,500	92	8	314000	629000	734000	219800	440300	513800	6125	35000	Share capital	Asset revaluation surpluss	Retained earnings	917,000	393,000	314,000	1624000	2769025	221522	2841522	72497		-   231,990 	Sandesh	KHADKA	11701310	55000	2732000	Inventories	Land 	Plant	410,000	820,000	956,000	1,147,000	191,000	40,450	40,675	4	738,000	1,476,000	1,721,000	40,900	90	10	328000	656000	765000	229600	459200	535500	315	35000	Share capital	Retained earnings	General reserve	956,000	410,000	328,000	1694000	2883615	288362	3020362	136747		-   341,900 	Rabin	UPRETY	11701549	64000	3210000	Inventories	Land 	Equipment 	482,000	963,000	1,124,000	1,349,000	225,000	47,650	51,475	8	868,000	1,733,000	2,023,000	55,300	91	9	386000	770000	899000	270200	539000	629300	5355	35000	Share capital	General reserve	Asset revaluation surpluss	1,124,000	482,000	385,000	1991000	3399855	305987	3515987	116132		-   304,550 	Subash	BANJARA	11701609	67000	3330000	Inventories	Land 	Furniture	500,000	999,000	1,166,000	1,399,000	233,000	49,450	54,175	5	900,000	1,798,000	2,099,000	58,900	92	8	400000	799000	933000	280000	559300	653100	6615	35000	Share capital	Asset revaluation surpluss	Retained earnings	1,166,000	500,000	400,000	2066000	3530015	282401	3612401	82386		-   376,240 	Usman	TARIQ	11701844	76000	3800000	Inventories	Land 	Vehicle 	570,000	1,140,000	1,330,000	1,596,000	266,000	56,450	59,675	10	1,026,000	2,052,000	2,394,000	62,900	90	10	456000	912000	1064000	319200	638400	744800	4515	35000	Share capital	Retained earnings	General reserve	1,330,000	570,000	456,000	2356000	4027915	402792	4202792	174877		-   336,300 	Faiza	NISAR	11800020	3000	152000	Inventories	Land 	Machinery  	23,000	46,000	53,000	64,000	11,000	1,750	2,625	4	41,000	83,000	95,000	3,500	91	9	18000	37000	42000	12600	25900	29400	1225	35000	Share capital	General reserve	Asset revaluation surpluss	53,000	23,000	18,000	94000	128125	11531	163531	35406		-   18,875 	Mohammad	ALAUDDIN	11800049	4000	210000	Inventories	Land 	Plant	32,000	63,000	74,000	89,000	15,000	2,650	3,975	8	58,000	113,000	133,000	5,300	92	8	26000	50000	59000	18200	35000	41300	1855	35000	Share capital	Asset revaluation surpluss	Retained earnings	74,000	32,000	25,000	131000	192355	15388	225388	33033		-   20,675 	Dipak	POKHAREL	11800080	5000	272000	Inventories	Land 	Equipment 	41,000	82,000	95,000	114,000	19,000	3,550	5,325	5	74,000	148,000	171,000	7,100	90	10	33000	66000	76000	23100	46200	53200	2485	35000	Share capital	Retained earnings	General reserve	95,000	41,000	33,000	169000	258985	25899	297899	38914		-   31,400 	Sabin	KHADKA	11800109	7000	330000	Inventories	Land 	Furniture	50,000	99,000	116,000	139,000	23,000	4,450	6,675	10	90,000	178,000	209,000	8,900	91	9	40000	79000	93000	28000	55300	65100	3115	35000	Share capital	General reserve	Asset revaluation surpluss	116,000	50,000	40,000	206000	322515	29026	359026	36511		-   29,120 	Nitesh	SUBEDI	11800111	7000	334000	Inventories	Land 	Vehicle 	50,000	100,000	117,000	140,000	23,000	4,450	6,675	4	90,000	180,000	211,000	8,900	92	8	40000	80000	94000	28000	56000	65800	3115	35000	Share capital	Asset revaluation surpluss	Retained earnings	117,000	50,000	40,000	207000	324915	25993	359993	35078		-   41,475 	Shishir Kumar	ATAL	11800146	8000	404000	Inventories	Land 	Machinery  	61,000	121,000	141,000	169,000	28,000	5,550	8,325	8	110,000	218,000	254,000	11,100	90	10	49000	97000	113000	34300	67900	79100	3885	35000	Share capital	Retained earnings	General reserve	141,000	61,000	48,000	250000	400185	40019	444019	43834		-   38,638 	Sandip	POUDEL	11800214	11000	540000	Inventories	Land 	Plant	81,000	162,000	189,000	227,000	38,000	7,550	11,325	5	146,000	292,000	340,000	15,100	91	9	65000	130000	151000	45500	91000	105700	5285	35000	Share capital	General reserve	Asset revaluation surpluss	189,000	81,000	65,000	335000	547485	49274	589274	41789		-   60,960 	Anish	SEDHAI	11800215	11000	542000	Inventories	Land 	Equipment 	81,000	163,000	190,000	228,000	38,000	7,550	11,325	10	146,000	293,000	342,000	15,100	92	8	65000	130000	152000	45500	91000	106400	5285	35000	Share capital	Asset revaluation surpluss	Retained earnings	190,000	81,000	65,000	336000	549185	43935	585935	36750		-   47,800 	Bhuwan	BHATT	11800287	14000	686000	Inventories	Land 	Furniture	103,000	206,000	240,000	288,000	48,000	9,750	14,625	4	185,000	371,000	432,000	19,500	90	10	82000	165000	192000	57400	115500	134400	6825	35000	Share capital	Retained earnings	General reserve	240,000	103,000	82,000	425000	704125	70413	756413	52288		-   85,400 	Aakash	GAIRE	11800300	14000	712000	Inventories	Land 	Vehicle 	107,000	214,000	249,000	299,000	50,000	10,150	10,225	8	193,000	385,000	448,000	10,300	91	9	86000	171000	199000	60200	119700	139300	105	35000	Share capital	General reserve	Asset revaluation surpluss	249,000	107,000	85,000	441000	725305	65277	777277	51972		-   67,988 	Sudikshya Pratapeswari	RANA	11800312	15000	736000	Inventories	Land 	Machinery  	110,000	221,000	258,000	310,000	52,000	10,450	10,675	5	198,000	398,000	464,000	10,900	92	8	88000	177000	206000	61600	123900	144200	315	35000	Share capital	Asset revaluation surpluss	Retained earnings	258,000	110,000	88,000	456000	751015	60081	796081	45066		-   82,720 	Sujan	KAFLE	11800317	15000	746000	Inventories	Land 	Plant	112,000	224,000	261,000	313,000	52,000	10,650	10,975	10	202,000	403,000	470,000	11,300	90	10	90000	179000	209000	63000	125300	146300	455	35000	Share capital	Retained earnings	General reserve	261,000	112,000	90,000	463000	763055	76306	822306	59251		-   66,270 	Srijana	GURUNG	11800343	16000	798000	Inventories	Land 	Equipment 	120,000	239,000	279,000	335,000	56,000	11,450	12,175	4	216,000	430,000	502,000	12,900	91	9	96000	191000	223000	67200	133700	156100	1015	35000	Share capital	General reserve	Asset revaluation surpluss	279,000	120,000	96,000	495000	818015	73621	871621	53606		-   100,025 	Ananta	GURUNG	11800353	16000	818000	Inventories	Land 	Furniture	123,000	245,000	286,000	343,000	57,000	11,750	12,625	8	221,000	441,000	515,000	13,500	92	8	98000	196000	229000	68600	137200	160300	1225	35000	Share capital	Asset revaluation surpluss	Retained earnings	286,000	123,000	98,000	507000	839325	67146	885146	45821		-   77,625 	Sujan	PATHAK	11800405	18000	922000	Inventories	Land 	Vehicle 	138,000	277,000	323,000	388,000	65,000	13,250	14,875	5	248,000	499,000	581,000	16,500	90	10	110000	222000	258000	77000	155400	180600	2275	35000	Share capital	Retained earnings	General reserve	323,000	138,000	111,000	572000	952275	95228	1017228	64953		-   104,220 	Saroj	DANUWAR	11800413	19000	938000	Inventories	Land 	Machinery  	141,000	281,000	328,000	394,000	66,000	13,550	15,325	10	254,000	506,000	590,000	17,100	91	9	113000	225000	262000	79100	157500	183400	2485	35000	Share capital	General reserve	Asset revaluation surpluss	328,000	141,000	113,000	582000	969485	87254	1025254	55769		-   83,060 	Avidh	SHRESTHA	11800476	21000	1064000	Inventories	Land 	Plant	160,000	319,000	372,000	446,000	74,000	15,450	18,175	4	288,000	574,000	670,000	20,900	92	8	128000	255000	298000	89600	178500	208600	3815	35000	Share capital	Asset revaluation surpluss	Retained earnings	372,000	160,000	128,000	660000	1105515	88441	1152441	46926		-   133,700 	Prapti	BUDHATHOKI	11800487	22000	1086000	Inventories	Land 	Equipment 	163,000	326,000	380,000	456,000	76,000	15,750	18,625	8	293,000	587,000	684,000	21,500	90	10	130000	261000	304000	91000	182700	212800	4025	35000	Share capital	Retained earnings	General reserve	380,000	163,000	130,000	673000	1128525	112853	1198853	70328		-   102,250 	Manish	GIRI	11800500	22000	1112000	Inventories	Land 	Furniture	167,000	334,000	389,000	467,000	78,000	16,150	19,225	5	301,000	601,000	700,000	22,300	91	9	134000	267000	311000	93800	186900	217700	4305	35000	Share capital	General reserve	Asset revaluation surpluss	389,000	167,000	133,000	689000	1156705	104103	1216103	59398		-   126,260 	Dikshya	BUDHATHOKI	11800632	28000	1376000	Inventories	Land 	Vehicle 	206,000	413,000	482,000	578,000	96,000	20,050	20,075	10	371,000	743,000	868,000	20,100	92	8	165000	330000	386000	115500	231000	270200	35	35000	Share capital	Asset revaluation surpluss	Retained earnings	482,000	206,000	165,000	853000	1434735	114779	1490779	56044		-   121,240 	Muhammad Jamal	MEHDI	11800725	31000	1562000	Inventories	Land 	Machinery  	234,000	469,000	547,000	656,000	109,000	22,850	24,275	4	421,000	844,000	985,000	25,700	90	10	187000	375000	438000	130900	262500	306600	1995	35000	Share capital	Retained earnings	General reserve	547,000	234,000	187,000	968000	1634995	163500	1725500	90505		-   195,625 	Pradip	SAPKOTA	11800801	34000	1714000	Inventories	Land 	Plant	257,000	514,000	600,000	720,000	120,000	25,150	27,725	8	463,000	925,000	1,080,000	30,300	91	9	206000	411000	480000	144200	287700	336000	3605	35000	Share capital	General reserve	Asset revaluation surpluss	600,000	257,000	206,000	1063000	1799505	161955	1875955	76450		-   162,700 	Ruhina	THAPA MAGAR	11800810	35000	1732000	Inventories	Land 	Equipment 	260,000	520,000	606,000	727,000	121,000	25,450	28,175	5	468,000	936,000	1,091,000	30,900	92	8	208000	416000	485000	145600	291200	339500	3815	35000	Share capital	Asset revaluation surpluss	Retained earnings	606,000	260,000	208,000	1074000	1819115	145529	1877529	58414		-   195,440 	Gopal	BARAL	11800812	35000	1736000	Inventories	Land 	Furniture	260,000	521,000	608,000	730,000	122,000	25,450	28,175	10	468,000	938,000	1,094,000	30,900	90	10	208000	417000	486000	145600	291900	340200	3815	35000	Share capital	Retained earnings	General reserve	608,000	260,000	208,000	1076000	1822515	182252	1918252	95737		-   153,160 	Tulsi	SHRESTHA	11800813	35000	1738000	Inventories	Land 	Vehicle 	261,000	521,000	608,000	730,000	122,000	25,550	28,325	4	470,000	938,000	1,094,000	31,100	91	9	209000	417000	486000	146300	291900	340200	3885	35000	Share capital	General reserve	Asset revaluation surpluss	608,000	261,000	209,000	1078000	1825285	164276	1902276	76991		-   217,700 	Nisha	SHRESTHA KARMACHARYA	11800836	36000	1784000	Inventories	Land 	Machinery  	268,000	535,000	624,000	749,000	125,000	26,250	29,375	8	482,000	963,000	1,123,000	32,500	92	8	214000	428000	499000	149800	299600	349300	4375	35000	Share capital	Asset revaluation surpluss	Retained earnings	624,000	268,000	214,000	1106000	1874075	149926	1933926	59851		-   168,400 	Maricel Gallo	BERNADAS	11800846	36000	1804000	Inventories	Land 	Plant	271,000	541,000	631,000	757,000	126,000	26,550	29,825	5	488,000	974,000	1,136,000	33,100	90	10	217000	433000	505000	151900	303100	353500	4585	35000	Share capital	Retained earnings	General reserve	631,000	271,000	216,000	1118000	1896085	189609	1993609	97524		-   204,240 	Nisha	RAWAL	11800926	39000	1964000	Inventories	Land 	Equipment 	295,000	589,000	687,000	824,000	137,000	28,950	33,425	10	531,000	1,060,000	1,237,000	37,900	91	9	236000	471000	550000	165200	329700	385000	6265	35000	Share capital	General reserve	Asset revaluation surpluss	687,000	295,000	236,000	1218000	2069165	186225	2150225	81060		-   174,290 	Sworup	SHRESTHA KANDEU	11800942	40000	1996000	Inventories	Land 	Furniture	299,000	599,000	699,000	839,000	140,000	29,350	34,025	4	538,000	1,078,000	1,258,000	38,700	92	8	239000	479000	559000	167300	335300	391300	6545	35000	Share capital	Asset revaluation surpluss	Retained earnings	699,000	299,000	240,000	1238000	2103445	168276	2164276	60831		-   249,625 	Pinky Rajeshkumar	HARIRAMANI	11800951	40000	2014000	Inventories	Land 	Vehicle 	302,000	604,000	705,000	846,000	141,000	29,650	34,475	8	544,000	1,087,000	1,269,000	39,300	90	10	242000	483000	564000	169400	338100	394800	6755	35000	Share capital	Retained earnings	General reserve	705,000	302,000	242,000	1249000	2123055	212306	2226306	103251		-   191,088 	Zigar	MAHARJAN	11800990	42000	2092000	Inventories	Land 	Machinery  	314,000	628,000	732,000	878,000	146,000	30,850	31,275	5	565,000	1,130,000	1,318,000	31,700	91	9	251000	502000	586000	175700	351400	410200	595	35000	Share capital	General reserve	Asset revaluation surpluss	732,000	314,000	251,000	1297000	2199895	197991	2289991	90096		-   236,180 	Kishor	BIST	11801019	43000	2150000	Inventories	Land 	Plant	323,000	645,000	753,000	904,000	151,000	31,750	32,625	10	581,000	1,161,000	1,355,000	33,500	92	8	258000	516000	602000	180600	361200	421400	1225	35000	Share capital	Asset revaluation surpluss	Retained earnings	753,000	323,000	258,000	1334000	2263425	181074	2331074	67649		-   190,310 	Sujit	DISHA	11801103	46000	2318000	Inventories	Land 	Equipment 	348,000	695,000	811,000	973,000	162,000	34,250	36,375	4	626,000	1,251,000	1,460,000	38,500	90	10	278000	556000	649000	194600	389200	454300	2975	35000	Share capital	Retained earnings	General reserve	811,000	348,000	278,000	1437000	2443075	244308	2562308	119233		-   290,525 	Anish	SILWAL	11801107	47000	2326000	Inventories	Land 	Furniture	349,000	698,000	814,000	977,000	163,000	34,350	36,525	8	628,000	1,256,000	1,465,000	38,700	91	9	279000	558000	651000	195300	390600	455700	3045	35000	Share capital	General reserve	Asset revaluation surpluss	814,000	349,000	279,000	1442000	2451645	220648	2546648	95003		-   219,525 	Sonika	BALAMI	11801152	48000	2416000	Inventories	Land 	Vehicle 	362,000	725,000	846,000	1,015,000	169,000	35,650	38,475	5	652,000	1,305,000	1,523,000	41,300	92	8	290000	580000	677000	203000	406000	473900	3955	35000	Share capital	Asset revaluation surpluss	Retained earnings	846,000	362,000	290,000	1498000	2549855	203988	2619988	70133		-   273,440 	Ajit	BOMJAN	11801156	48000	2424000	Inventories	Land 	Machinery  	364,000	727,000	848,000	1,018,000	170,000	35,850	38,775	10	655,000	1,309,000	1,526,000	41,700	90	10	291000	582000	678000	203700	407400	474600	4095	35000	Share capital	Retained earnings	General reserve	848,000	364,000	291,000	1503000	2557795	255780	2679780	121985		-   215,060 	Anish	GARTAULA	11801220	51000	2552000	Inventories	Land 	Plant	383,000	766,000	893,000	1,072,000	179,000	37,750	41,625	4	689,000	1,379,000	1,607,000	45,500	91	9	306000	613000	714000	214200	429100	499800	5425	35000	Share capital	General reserve	Asset revaluation surpluss	893,000	383,000	306,000	1582000	2695525	242597	2794597	99072		-   319,475 	Hyun Joo	KIM	11801227	51000	2566000	Inventories	Land 	Equipment 	385,000	770,000	898,000	1,078,000	180,000	37,950	41,925	8	693,000	1,386,000	1,616,000	45,900	92	8	308000	616000	718000	215600	431200	502600	5565	35000	Share capital	Asset revaluation surpluss	Retained earnings	898,000	385,000	308,000	1591000	2710965	216877	2782877	71912		-   243,175 	Jeevan	GAUTAM	11801275	53000	2662000	Inventories	Land 	Furniture	399,000	799,000	932,000	1,118,000	186,000	39,350	44,025	5	718,000	1,438,000	1,678,000	48,700	90	10	319000	639000	746000	223300	447300	522200	6545	35000	Share capital	Retained earnings	General reserve	932,000	399,000	319,000	1650000	2814345	281435	2943435	129090		-   300,780 	Alonika	SHAH	11801285	54000	2682000	Inventories	Land 	Vehicle 	402,000	805,000	939,000	1,127,000	188,000	39,650	44,475	10	724,000	1,449,000	1,690,000	49,300	91	9	322000	644000	751000	225400	450800	525700	6755	35000	Share capital	General reserve	Asset revaluation surpluss	939,000	402,000	322,000	1663000	2836655	255299	2937299	100644		-   237,130 	Roshes	SHRESTHA	11801291	54000	2694000	Inventories	Land 	Machinery  	404,000	808,000	943,000	1,132,000	189,000	39,850	44,775	4	727,000	1,454,000	1,697,000	49,700	92	8	323000	646000	754000	226100	452200	527800	6895	35000	Share capital	Asset revaluation surpluss	Retained earnings	943,000	404,000	323,000	1670000	2847995	227840	2921840	73845		-   337,125 	Alisha	BARUWAL	11801297	54000	2706000	Inventories	Land 	Plant	406,000	812,000	947,000	1,136,000	189,000	40,050	40,075	8	731,000	1,462,000	1,705,000	40,100	90	10	325000	650000	758000	227500	455000	530600	35	35000	Share capital	Retained earnings	General reserve	947,000	406,000	325,000	1678000	2856135	285614	2991614	135479		-   256,363 	Mani	MAHARJAN 	11801301	54000	2714000	Inventories	Land 	Equipment 	407,000	814,000	950,000	1,140,000	190,000	40,150	40,225	5	733,000	1,465,000	1,710,000	40,300	91	9	326000	651000	760000	228200	455700	532000	105	35000	Share capital	General reserve	Asset revaluation surpluss	950,000	407,000	326,000	1683000	2864005	257760	2971760	107755		-   307,200 	Prajwal Bajra	BAJRACHARYA	11801319	55000	2750000	Inventories	Land 	Furniture	413,000	825,000	963,000	1,156,000	193,000	40,750	41,125	10	743,000	1,485,000	1,733,000	41,500	92	8	330000	660000	770000	231000	462000	539000	525	35000	Share capital	Asset revaluation surpluss	Retained earnings	963,000	413,000	330,000	1706000	2903525	232282	2982282	78757		-   243,410 	Phoutthakone	DOUANGPHACHANH	11801338	56000	2788000	Inventories	Land 	Vehicle 	418,000	836,000	976,000	1,171,000	195,000	41,250	41

Pranjal · Accepted Answer

CORPORATE ACCOUNTING
QUESTION 1
In order to perform the acquisition analysis, the fair value of different assets and liabilities may need to be identified first and should accordingly be tax-adjusted. Since, the increase in asset and liability figure may attract a corresponding tax impact in the books of accounts, the tax-adjusted fair value of different asset and liability (be it recorded or unrecorded) should be considered in computing the net asset value of the transferee company (Accountinguide, 2020). 
In the given case, the acquisition analysis has been performed accordingly and equity value of Carl Limited has been adjusted with the corresponding increase in the fair value of asset and also adjustment of different unrecorded items. Considering 97% shareholding in Carl Limited by Nina Limited and purchase consideration of $819,000, the purchased Goodwill may be computed to be $91,112.
QUESTION 2
Question 3
Question 4
 
Question 5
Question 6
IFRS 10 deals with the consolidation process in financial statement level and as per IFRS 10, the preparation of consolidated financial statement should be management’s responsibility. While preparing the consolidated financial statement, the management should combine the assets and liabilities and other line items of both the parent as well as subsidiary company and eliminate the intra-group transactions to arrive at the consolidated figure. However, in this case, it is worth to mention that the consolidation process may involve certain issues (Corporate Finance Institute, 2020). 
First of all, it is difficult to identify fair value at certain times and therefore assessment of goodwill against the purchase consideration may not be made possible and realistic at times. Secondly, it may also be stated that the consolidation should only occur in the books of parent company where the control is more than 50%. However, in case of controlling to the extent of less than 50% also denotes significant control if the parent company is able to exert significant influence on the board of director of the subsidiary company (Iasplus.com, 2020). However, the concept of significant influence has not been specifically defined in the accounting standard and hence may be considered to be a matter of judgement and interpretation at times (Iasplus.com, 2020).
Question 7
In continuation to the previous point, it may be stated that if Nina Limited would have held 20% issued shares of Carl Limited, it wouldn't have been possible to comment whether Nina Limited holds significant influence on Carl Limited. However,

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