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Assume that Company A acquires 70 per cent of Company B for a cash price of $10 million when the share capital and reserves of

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Assume that Company A acquires 70 per cent of Company B for a cash price of $10 million when the share capital and reserves of Company B are: Share capital $8 million Retained earnings $2 million $10 million What amount will be shown in the consolidated statement of financial position for goodwill pursuant to AASB 3 assuming that any non-controlling interest in the acquiree is measured at fair value

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