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Banderas Ltd Acquires All the Issued Capital of Ryan Ltd

Question 45

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Banderas Ltd acquires all the issued capital of Ryan Ltd for a cash payment of $2,900,000 on 30 June 2004. The balance sheet of Ryan Ltd at purchase date is:
Banderas Ltd acquires all the issued capital of Ryan Ltd for a cash payment of $2,900,000 on 30 June 2004. The balance sheet of Ryan Ltd at purchase date is: Assuming the assets are at fair value, what is the consolidation entry to eliminate the investment in Ryan Ltd? A) B) C) D) E) None of the given answers.
Assuming the assets are at fair value, what is the consolidation entry to eliminate the investment in Ryan Ltd?


A) Banderas Ltd acquires all the issued capital of Ryan Ltd for a cash payment of $2,900,000 on 30 June 2004. The balance sheet of Ryan Ltd at purchase date is: Assuming the assets are at fair value, what is the consolidation entry to eliminate the investment in Ryan Ltd? A) B) C) D) E) None of the given answers.
B) Banderas Ltd acquires all the issued capital of Ryan Ltd for a cash payment of $2,900,000 on 30 June 2004. The balance sheet of Ryan Ltd at purchase date is: Assuming the assets are at fair value, what is the consolidation entry to eliminate the investment in Ryan Ltd? A) B) C) D) E) None of the given answers.
C) Banderas Ltd acquires all the issued capital of Ryan Ltd for a cash payment of $2,900,000 on 30 June 2004. The balance sheet of Ryan Ltd at purchase date is: Assuming the assets are at fair value, what is the consolidation entry to eliminate the investment in Ryan Ltd? A) B) C) D) E) None of the given answers.
D) Banderas Ltd acquires all the issued capital of Ryan Ltd for a cash payment of $2,900,000 on 30 June 2004. The balance sheet of Ryan Ltd at purchase date is: Assuming the assets are at fair value, what is the consolidation entry to eliminate the investment in Ryan Ltd? A) B) C) D) E) None of the given answers.
E) None of the given answers.

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