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Gouda Ltd Acquires All the Issued Capital of Cheese Ltd

Question 29

Multiple Choice

Gouda Ltd acquires all the issued capital of Cheese Ltd for a cash payment of $2,545,000 on 30 June 2005.The balance sheet of Cheese Ltd at purchase date is: Gouda Ltd acquires all the issued capital of Cheese Ltd for a cash payment of $2,545,000 on 30 June 2005.The balance sheet of Cheese Ltd at purchase date is: Assuming the assets are at fair value,what would be the consolidation entry to eliminate the investment in Cheese Ltd? A) B) C) D) E) None of the given answers. Assuming the assets are at fair value,what would be the consolidation entry to eliminate the investment in Cheese Ltd?


A) Gouda Ltd acquires all the issued capital of Cheese Ltd for a cash payment of $2,545,000 on 30 June 2005.The balance sheet of Cheese Ltd at purchase date is: Assuming the assets are at fair value,what would be the consolidation entry to eliminate the investment in Cheese Ltd? A) B) C) D) E) None of the given answers.
B) Gouda Ltd acquires all the issued capital of Cheese Ltd for a cash payment of $2,545,000 on 30 June 2005.The balance sheet of Cheese Ltd at purchase date is: Assuming the assets are at fair value,what would be the consolidation entry to eliminate the investment in Cheese Ltd? A) B) C) D) E) None of the given answers.
C) Gouda Ltd acquires all the issued capital of Cheese Ltd for a cash payment of $2,545,000 on 30 June 2005.The balance sheet of Cheese Ltd at purchase date is: Assuming the assets are at fair value,what would be the consolidation entry to eliminate the investment in Cheese Ltd? A) B) C) D) E) None of the given answers.
D) Gouda Ltd acquires all the issued capital of Cheese Ltd for a cash payment of $2,545,000 on 30 June 2005.The balance sheet of Cheese Ltd at purchase date is: Assuming the assets are at fair value,what would be the consolidation entry to eliminate the investment in Cheese Ltd? A) B) C) D) E) None of the given answers.
E) None of the given answers.

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