Answer To: 1 Appendix 1: Apple Ltd acquired 100% of the issued shares of Orange Ltd, for $290,000 paid in cash....
Yash answered on Oct 05 2021
Appendix 1:
Particulars
Apple Ltd.
Orange Ltd.
Adjustment
Consolidated Income statement & Balance Sheet
Sales
7,56,000.00
5,70,000.00
-1,34,000.00
11,92,000.00
Cost of Sales
0.00
Inventory 01/07/19
65,000.00
92,000.00
1,57,000.00
Purchase
4,00,000.00
1,10,000.00
-1,34,000.00
3,76,000.00
4,65,000.00
2,02,000.00
5,33,000.00
Inventory 30/06/20
70,000.00
2,000.00
-12,900.00
59,100.00
3,95,000.00
2,00,000.00
4,73,900.00
Gross Profit
3,61,000.00
3,70,000.00
7,18,100.00
Expense
Selling & Administrative Exp
3,000.00
3,000.00
Interest on debentures
7,000.00
-2,700.00
4,300.00
Depreciation
85,000.00
44,700.00
2,25,300.00
3,55,000.00
Other Expenses
23,000.00
10,000.00
33,000.00
1,18,000.00
54,700.00
3,95,300.00
2,43,000.00
3,15,300.00
3,22,800.00
Other Income
Gain on sale: Land
50,000.00
50,000.00
Dividend...