FAC3704 ASSIGNMENT 2
SEMESTER 2 - 2022
UNIQUE NUMBER: 835618
DUE DATE: 05 SEPTEMBER 2022
, (a) Calculate the Investment in associate balance that will be disclosed in the non-
current asset section of the consolidated statement of financial position of the
Seasons Ltd Group as at 31 December 2021.
(b) Prepare the journal entries to account for the intragroup transactions between
Seasons Ltd and Summer Ltd only relating to inventory (spring leaves) sales in the
consolidated accounting records of the Seasons Ltd Group for the year ended 31
December 2021. Journal narrations are required.
(c) Calculate the Goodwill balance that will be disclosed in the non-current asset
section of the consolidated statement of financial position of the Seasons Ltd
Group as at 31 December 2021.
(d) Prepare only the equity and liability section of the consolidated statement of
financial position of the Seasons Ltd Group as at 31 December 2021.
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SEMESTER 2 - 2022
UNIQUE NUMBER: 835618
DUE DATE: 05 SEPTEMBER 2022
, (a) Calculate the Investment in associate balance that will be disclosed in the non-
current asset section of the consolidated statement of financial position of the
Seasons Ltd Group as at 31 December 2021.
(b) Prepare the journal entries to account for the intragroup transactions between
Seasons Ltd and Summer Ltd only relating to inventory (spring leaves) sales in the
consolidated accounting records of the Seasons Ltd Group for the year ended 31
December 2021. Journal narrations are required.
(c) Calculate the Goodwill balance that will be disclosed in the non-current asset
section of the consolidated statement of financial position of the Seasons Ltd
Group as at 31 December 2021.
(d) Prepare only the equity and liability section of the consolidated statement of
financial position of the Seasons Ltd Group as at 31 December 2021.
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