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On 3 March 2014, Macy Ltd acquired a parcel of assets and liabilities from Jenkins Ltd. The assets and liabilities do not constitute a business.
On 3 March 2014, Macy Ltd acquired a parcel of assets and liabilities from Jenkins Ltd. The assets and liabilities do not constitute a business. The cost of acquisition was $190,000 cash, plus 50,000 fully paid ordinary shares in Macy Ltd, which were trading at $1.20 each on 3 March 2014.
The following balances refer to the acquired assets and liabilities (from Jenkins Ltd) on 3 March 2014:
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