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please explain througly thanks Valerie Ltd acquires all the issued capital of Zeno Ltd for a cash payment of $13750000 on 30 June 2022. At
please explain througly thanks
Valerie Ltd acquires all the issued capital of Zeno Ltd for a cash payment of $13750000 on 30 June 2022. At this date, all assets were fairly valued. At date of acquisition the share capital and reserves of Zeno Ltd were as follows: Required (i) Calculate the amount of goodwill/ gain on bargain purchase on acquisition. (ii) Prepare the consolidation joumal entry to eliminate investment in subsidiary and record goodwill/gain on bargain purchase on acquisition. Elimination of Investment Step by Step Solution
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