Question
On 1 July 2015 Sarah Ltd acquires all the shares in Jane Ltd for $783,000 cash The financial statements of Jane Ltd as at 1
On 1 July 2015 Sarah Ltd acquires all the shares in Jane Ltd for $783,000 cash
The financial statements of Jane Ltd as at 1 July 2015 shows the following:
Retained earnings 291,000
Share capital 259,000
The tax rate is 30%
At the date of acquisition all the net assets of Jane Ltd are at fair value except for the following:
|
| Carrying amount | Fair value |
| Land | $124,000 | $242,000 |
| Equipment (cost $316,000) | $109,000 | $208,000 |
Calculate and enter the amount of BCVR for the acquisition analysis
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Internal Audit And Risk Management In Companies Assessing The Contribution Of Internal Audit To An Entitys Risk Management
Authors: Akaffou Arnaud Lucien Goley
1st Edition
6204604805, 978-6204604800
