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4 Mango acquired Lockdown, an unincorporated entity for NS 2.8 million. A fair value exercise performed on Lockdown 's net assets at the date of

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4 Mango acquired Lockdown, an unincorporated entity for NS 2.8 million. A fair value exercise performed on Lockdown 's net assets at the date of purchase showed NS 000 Property, Plant and equipment 3000 Identifiable intangible asset 500 Inventory 300 Trade receivables less payables 200 000 Requirement How would the purchase be reflected in the consolidated statement of financial position? Record the net assets at their above values and credit profit or loss with NS 1.2 million , Record the net assets at their above values and credit goodwill with NS 1.2 million Ignore the intangible asset (NS 500 000), recording the remaining net assets at their values shown above and crediting profit and loss with NS 700 000. Cd. Recording the purchase as a financial asset investment at NS 2.8 Million ce None of the above 2. Zimba acquired 80% of the share capital of Stanley on ! OCTOBER 2019. The profit for the year ended 31 December 2019 for Stanley was NS 36 000. Profits are deemed to accrue evenly over the year. At 31 December 2019, Stanley's stamen of financial position showed Equity share capital NS 200 000 Retained earnings NS 180000 Required What were the net assets of Stanley on acquisition? 3. Havanah acquired 80% of the share capital of Samatha on 1 January 2019. Part of the purchase consideration was NS 200 000 cash paid on 1 January 2022. The applicable cost of capital is 10% Required What will the deferred consideration liability be at 31 December 20202

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