Multiple Choice

A merge entity is delimitate in the Corporations Act 2001 as: Choose one answer. a. The caller-out and its subsidiaries at the end of the pecuniary year. Subsidiaries are companies and arrogances as outlined in terms of this Act. b. A comp both, registered management investment precis or disclosing entity to incurher with any the entities it is required by history Standards to include in unify fiscal statements. c. A trust or partnership registered as a management investment scheme and all the entities it controls at the end of the pecuniary year. d. The grow company, minority interests and subsidiaries owned by that parent company as at the end of the financial year. e. None of the given answers. wick Ltd acquires all the issued upper-case letter of wax light Ltd for a cash salary of $4, euchre,000 on 30 June 2004. The residuum sheet of taper Ltd at purchase date is: ($000) Assets bills500 Accounts receivable190 Non-current assets4,200 check assets4,890 Liabilities Accounts payable 890 Loans1,000 Total liabilities 1890 suffer onholders equity dowry large(p) 2,500 Retained requital500 Total liabilities and shareholders funds4,580 The darling value of the net assets of wick Ltd as at 30 June 2004 is $3,800,000.

What is the consolidation entry to overhaul the investment in wick Ltd? Choose one answer. a. ($000) ($000) Dr contend crownwork 2,500 Dr Retained profits 500 Dr Goodwill 1,500 Cr enthronement in subordinate 4,500 b. ($000) ($000) Dr Non-current assets 800 Cr Asset revue throw 800 Dr Share capital 2,500 Dr Retained simoleons 500 Dr Asset revaluation booking 800 Dr Goodwill 700 Cr enthronisation in subsidiary 4,500 c. $000 $000 Dr Non-current assets 800 Cr Retained earnings 800 Dr Share capital 2,500 Dr Retained earnings 1,300 Dr Goodwill 700 Cr Investment in subsidiary 4,500 d. $000 $000 Dr Non-current assets 800 Cr Asset revaluation bear 800 Dr Share capital 2,500 Dr...If you unavoidableness to get a full essay, instal it on our website: Orderessay

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