Selected Accounting Standards and Simple Group Structures (FAC2602)
University of South Africa (Unisa)
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Exam (elaborations)
FAC2602 Assignment 2 2026 | Due 10 April 2026 - Distinction Guaranteed
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---8April 20262025/2026A+
- FAC2602 Assignment 2 2026 | Due 10 April 2026 - Distinction Guaranteed. W.h.a.t.s.A.p.p : 0.7.8.6.9.2.4.2.6.4, Ensure your success with us.
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UNIVIA
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Exam (elaborations)
FAC2602 Assignment 2 Semester 1 2026 - Due 10 April 2026
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---8April 20262025/2026A+
- QUESTION 1 (32 marks) (64 minutes) 
Bean Ltd and Bag Ltd formed a group of companies through an acquisition of 80% interest in the 
ordinary shares of Bag Ltd on 30 April 2023. Bean Ltd purchased this controlling interest for a cash 
amount of R1 000 200. The financial year end of both companies is 31 May 2025. 
 
1. The total equity at date of acquisition for Bag Ltd consisted of: 
 
 Share capital (200 000 shares)………..………………………………………….....R600 000 
 Retain...
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Midoris