Question
CREATE A JOURNAL ENTRY FOR THE BUSINESS COMBINATION The disclosures in relation to the acquisition of CBTL are included in Notes 4 and 11 to
CREATE A JOURNAL ENTRY FOR THE BUSINESS COMBINATION
The disclosures in relation to the acquisition of CBTL are included in Notes 4 and 11 to the consolidated financial statements.
Acquirer- JFC Group
Acquiree- Coffee Bean and Tea Leaf
Date of Acquisition- September 24, 2019
Cost of Acquisition- 5,118 (in millions)
Net Assets (Book Value and Fair Market Value) 21,353,900 (in millions)
Non-Controlling interest of the acquiree. (if available) 217,573 (in millions)
Consideration transferred (add contingent if available) 17,098,666 (in millions)
Goodwill or Gain from the bargain purchase 4,225,324 (in millions)
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