Question
1.Corona Limited acquires the net assets of Vaccine Limited for a cash consideration of $100,000. One half is to be paid on acquisition date and
1.Corona Limited acquires the net assets of Vaccine Limited for a cash consideration of $100,000. One half is to be paid on acquisition date and one half is payable in one year's time. The appropriate discount rate is 10% p.a. The present value of the cash outflow in one year's time is:
a.$90,000
b.$110,000
c.$100,000
d.$100,909
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
