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Posted on Sep 15, 2024

A Ltd acquires 75% of entity B in exchange for Ksh.85,000,000 cash and 1,000,000 of its shares (fair value = Ksh.10,000,000) issued for the transfer.

A Ltd incurred Ksh.5,000,000 advisory and legal costs directly attributable to the business combination and Ksh.1,000,000 share issue expenses

Required: Determine the cost of the Business combination

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