Corporate Acounting - Case Study - Accounting and Finance Assignment Help

Assignment Task:

Task:

Retained earnings 30 June 20X3 Share capital General reserve 10% unsecured notes Dividend payable Current tax liability Other current liabilities 15()%aruens in Weiser Ltd secured notes (in Bud Ltd) Other non-current assets Inventory Other current assets Bud Ltd $ 41 700 300 000 38 000 50 000 45 000 60 000 59 600 Weiser Ltd $ 22 000 150 000 10 000 22 500 24 000 38 900 594 300 267 400 126 000 325 600 32 000 110 700 10 000 180 000 22 WO 55 400 594 300 267 400 
Additional information:

(a) Intragroup sales were: Bud Ltd to Weiser Ltd $15 000 Weiser Ltd to Bud Ltd $35 000

(b) Unrealised profits in closing inventory were: 
Goods sold by Weiser Ltd to Bud Ltd Goods sold by Bud Ltd to Weiser Ltd 
Y/E 30/06/20X2 $ 2000 
WE 30/06/20X3 2500 1000 
(c) The directors have applied the impairment test for goodwill annually and determined that a write-down of $1500 is required for consolidation purposes as at 30 June 20X3. The cumulative goodwill impairment write-downs for prior years totalled $1500.

(d) The tax rate is 30%. 
Required Prepare the consolidated statement of comprehensive income and statement of financial position for the economic entity at 30 June 20X3, showing a consolidated worksheet and all calculations. .. ,,irniationc without a worksheet)  
 

 Corporate Amounting Assignment - 35% of total assessment 

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Assignment Verstouss 

I king the inhumation podded In Comprchernive Exercise 14 IX in the textbook, prepare answers lie the following parts. showing all relevantm calculations and workings. 
a) Show all consolidation journal entries FICOMIlly for the preparation of the comoladed financial statements for Itud lid ard its subsidiary for the year ended 30 hint 20.3. using the pinta' goodwill method. 
In Show the NCI calculations, and prepare the consolidated statements of tomprehemise income and financial position be the economic entity at 30 lone 20x1 
 

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