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Hi, This is Company Accounting & Reporting. Kindy write the answer step by step. Thank you very much. (a) On 1 of April 2022, Sun
Hi,
This is Company Accounting & Reporting. Kindy write the answer step by step.
Thank you very much.
(a) On 1 of April 2022, Sun Berhad acquired 80% of the issued capital of Moon Berhad for RM5,000,000. At the date of acquisition share capital and retained earnings of Moon Berhad were as follows. At the date of acquisition, carrying value of all the assets and liabilities of Moon Berhad were reflected at fair value except land which had a fair value of RM 1,000,000 in excess of its carrying amount. Fair value of NCl is RM2,000,000 at the date of acquisition. Required: Compute the value of goodwill at acquisition date. [7 marks]Step by Step Solution
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