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QUESTION 10 10 points Bartholomew Company acquired 80 percent of the outstanding shares of Samson Company in Year 1 by paying 55,500.000 in cash. The

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QUESTION 10 10 points Bartholomew Company acquired 80 percent of the outstanding shares of Samson Company in Year 1 by paying 55,500.000 in cash. The fair value of Sarnson's identifiable assets was $5.000.000 on the acquisition date Bartholomew uses the proportionate share of acquired firm's not assets approach to measure noncontrolling interests. Samson is a separate cash-generating unit (CGU). At the end of Year 1, Bartholomew estimates the following information for Samson Amount at which the shares of Samson could be sold $5,000,000 Costs that would be incurred to sell the shares of Samson 200,000 Present value of future cash flows from continuing control of Samson 4.750,000 Required: Under IFRS determine the amount of goodwill, noncontrolling interest, and net identifiable assets that should be reported on Bartholomew's balance sheet for Year 1. Prepare any needed journal entries For the toolbar, presa ALT+F10 ( PEN.THIN+F10(Mac) BI VS Paragraph Arial 10px BAIXO GQ C 111

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