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Candle Ltd Acquires All the Issued Capital of Wick Ltd

Question 42

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Candle Ltd acquires all the issued capital of Wick Ltd for a cash payment of $4,500,000 on 30 June 2004. The balance sheet of Wick Ltd at purchase date is:
Candle Ltd acquires all the issued capital of Wick Ltd for a cash payment of $4,500,000 on 30 June 2004. The balance sheet of Wick Ltd at purchase date is: The fair value of the net assets of Wick Ltd as at 30 June 2004 is $3,800,000. What is the consolidation entry to eliminate the investment in Wick Ltd? A) B) C) D) E) None of the given answers.
The fair value of the net assets of Wick Ltd as at 30 June 2004 is $3,800,000. What is the consolidation entry to eliminate the investment in Wick Ltd?


A) Candle Ltd acquires all the issued capital of Wick Ltd for a cash payment of $4,500,000 on 30 June 2004. The balance sheet of Wick Ltd at purchase date is: The fair value of the net assets of Wick Ltd as at 30 June 2004 is $3,800,000. What is the consolidation entry to eliminate the investment in Wick Ltd? A) B) C) D) E) None of the given answers.
B) Candle Ltd acquires all the issued capital of Wick Ltd for a cash payment of $4,500,000 on 30 June 2004. The balance sheet of Wick Ltd at purchase date is: The fair value of the net assets of Wick Ltd as at 30 June 2004 is $3,800,000. What is the consolidation entry to eliminate the investment in Wick Ltd? A) B) C) D) E) None of the given answers.
C) Candle Ltd acquires all the issued capital of Wick Ltd for a cash payment of $4,500,000 on 30 June 2004. The balance sheet of Wick Ltd at purchase date is: The fair value of the net assets of Wick Ltd as at 30 June 2004 is $3,800,000. What is the consolidation entry to eliminate the investment in Wick Ltd? A) B) C) D) E) None of the given answers.
D) Candle Ltd acquires all the issued capital of Wick Ltd for a cash payment of $4,500,000 on 30 June 2004. The balance sheet of Wick Ltd at purchase date is: The fair value of the net assets of Wick Ltd as at 30 June 2004 is $3,800,000. What is the consolidation entry to eliminate the investment in Wick Ltd? A) B) C) D) E) None of the given answers.
E) None of the given answers.

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