20 TACC605

Question 20 Not yet answered Marked out of 1.00 Flag question A Limited acquired 100% of the share capital of B Limited. B had total shareholder's equity of $250 000. The book values of B Limited's assets were: land $150 000, machinery $90 000. The fair values of these assets were: land $180 000, machinery $100 000. The tax rate is 30%. The fair value of the identifiable net assets is: O a. $278 000 O b. $280 000 O c. $210 000 O d. $196 000