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can you please solve this question by showing the calculations and everything and I show the options also which is used to be filled in
can you please solve this question by showing the calculations and everything and I show the options also which is used to be filled in arrow blanks but I dont know the million value can you please solve it for me.
Riverbed Corp. is facing a decision as to whether to purchase 40% of Kyla Corp's shares for $2.20 million cash, giving Riverbed significant influence over the investee company, or 60% of Kyla's shares for $3.30 million cash, making Kyla a subsidiary company. The book value of Kyla's net assets is $5.50 million (assets are $22 million and liabilities are $16.50 million). How will this investment affect Riverbed's statement of financial position if Riverbed acquires a 40% interest, assuming Riverbed applies IFRS? Indicate the immediate effect on Riverbed's total assets, total liabilities, and shareholders' equity (Enter answers in millions to 2 decimal places, e.g. 1.25. Do not leave any answer field blank. Enter Ofor amounts and no effect for effects. If an amount reduces the account balance then enter with negative sign.) Assets Liabilities $ million No Effect million No million No Effect million No million $ NoStep by Step Solution
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