1. Breakspear Co purchased 600,000 of the voting equity shares of Fleet Co when the value of the non-controlling interest in Fleet Co is 150,000. The following information relates to Fleet at the acquisition date. At acquisition '000 Share capital, 0.5 ordinary shares Retained earnings Revaluation surplus The goodwill arising on acquisition is 70,000. What was the consideration paid by Breakspear Co for the investment in Fleet Co? 500 150 50 700 a) 420,000 b) 770,000 c) 620,000 d) 570,000 K