Question
8. Hagrid Co acquires 80% of the share capital of Potter Co on 1 December 2002. The consideration given is 2,000,000 in cash and 500,000
8. Hagrid Co acquires 80% of the share capital of Potter Co on 1 December 2002. The consideration given is 2,000,000 in cash and 500,000 ordinary shares of Hagrid Co. The market value of each of Hagrid Cos shares on 1 December is 2.5. On 1 December, the fair value of Potter Cos net tangible assets is 2,800,000.
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The Psychology Of People In Organisations
Authors: Angela Mansi, Melanie Ashleigh
1st Edition
0273755765, 9780273755760
