A. Prepare the Business combination valuation journal entries at 30 June 20X7 and the Pre-acquisition journal entries at 30 June 20X7 (narrations are required).
B. The consolidated worksheet (using Excel or similar) and
C. Consolidated Financial Reports for the year ended 30 June 20X7 (Notes are not required):
(i) Consolidated Statement of Profit or Loss and Other Comprehensive Income;
(ii) Consolidated Statement of Changes in Equity and
(iii) Consolidated Statement of Financial Position You are advised to comply with AASB standards and the requirements in the Australian Corporations Legislation when determining the structure and presentation requirements for the financial reports in preparing the financial statements for this assignment.
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