On 7 July 2014 Aristocrat Leisure Ltd announced that it entered into an agreement to acquire North American-based gaming machine provider Video Gaming Technology Inc (VGT). The details of the acquisition are disclosed in Note 35 to the 2015 financial statements of Aristocrat Leisure Ltd.
Answer the following questions regarding this acquisition.
Note: The ASX code of Aristocrat is ALL. You can download Aristocrat’s annual reports, other announcements and share price history from ASX website: https://www2.asx.com.au/. You can use any other relevant resources available online. However, all material must be referenced correctly using the APA referencing style.
This assignment shall be marked according to the following criteria:
Technical content (70%): This refers to the appropriate analysis of the issues asked in the question and the appropriate use of IFRS.
Quality of writing (30%)
Flow of ideas
Clarity of writing
Citation and referencing
The penalty for late submission will be a reduction by 5% or one grade (e.g. B+ to B) per day up to a maximum of five days. An assessment item will not be marked if it is more than five days late.
Plagiarism is strictly prohibited.
Use APA 7th edition citation and referencing style.
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