Please refer to Lecture Slides for Module 8, slides 17-54, and Lecture Slides for Module 9 and review it
On 30 June 2014, P Ltd purchased 100% of the shares of S Ltd for $3,400,000 cash. At the date of acquisition S Ltd’s Statement of Financial Position was as follows: Statement of Financial Position of S Ltd as at 30 June 2014 Assets Liabilities Cash 179,000 Accounts Payable 337,000 Accounts Receivable 473,000 Mortgage Loans 2,153,000 … Read more