On a September 2017 Christy Limited purchased 75% of the ordinary share capital of Voyage Limited for
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On a September 2017 Christy Limited purchased 75% of the ordinary share capital of Voyage Limited for €1,635,000 when the issued ordinary share capital of Voyage Limited was €750,000 and the retained earnings were €1,200,000. At the date of acquisition, the fair value of the net assets of Voyage Limited was the same as their book value. In December 2017, Voyage Limited paid a dividend of €75,000 out of profits in existence at 3 September 2017, Requirement Show the calculation of goodwill under company law and extant IASs/
IFRSs.
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Related Book For
International Financial Accounting And Reporting
ISBN: 9781912350025
6th Edition
Authors: Ciaran Connolly
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