Alpha limited acquired all the issued shares of Beta Ltd on 1st July
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Practice Problems

Alpha limited acquired all the issued shares of Beta Ltd on 1st July

Part A -: Write an essay on the following topic.

The acquisition method in AASB 3/IFRS 3

Part B -: Provide relevant calculations and related journal entries for the following case.

Alpha limited acquired all the issued shares of Beta Ltd on 1st July 2018 for $2316062. At this date, the equity of the Beta Ltd stated below.


All the identifiable assets and liabilities of Beta Ltd were recorded at amounts equals to their fair values at acquisition date except for the following.


Hint
Accounts and FinanceThe acquisition method is a method used in accounting and is used when one company acquires another through either a consolidation, a merger, or an acquisition. The two methods of acquisition are the pooling of interest method and the purchase method which can also be known as the acquisition method. ...

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