financial statements of Orange Ltd and its subsidiary, Plum Ltd

financial statements of Orange Ltd and its subsidiary, Plum Ltd, at the 30 June 2015

Part B
Question 2
Explain how the existence of a bargain purchase affects the pre-acquisition entries, both in the year of acquisition and in subsequent years. (Marks 3)

Question 3
Some adjustment entries in the previous period’s consolidation worksheet are also made in the current period’s worksheet; explain. (Marks 3)

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