Mallee Ltd owns 100% of the shares of Fowl Ltd. The following events occurred during the period ended 2020: (a) Fowl Ltd sold inventory for $15 000 in August 2019. This inventory had been sold to it by Mallee Ltd in June 2019 for $13 500. The inventory had originally cost Mallee Ltd $9000. (b) On 1 January 2019, Fowl Ltd sold machinery to Mallee Ltd for $150 000. The carrying amount of the machinery at time of sale was $120 000. The machinery is depreciated at 10% p.a. on cost.Prepare the consolidation worksheet entries for the above two transactions for the preparation of consolidated financial statements at 30 June 2020.BusinessAccounting ACC 303
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more