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QUESTION TWO ( 3 0 MARKS ) Jacob Ltd acquired 6 0 % of Carlos Ltd s 5 0 0 , 0 0 0 R
QUESTION TWO MARKSJacob Ltd acquired of Carlos Ltds R equity shares on st January for a consideration of R cBrooklyn per share. At the date of acquisition, net assets and liabilities in Carlos Ltd were valued at R and the fair value of the noncontrolling interest was RRequired: Determine the acquisition date. Calculate goodwill or gain on bargain purchase if any using Proportionate of Net Assets Method Calculate goodwill or gain on bargain purchase if any using Fair Value Method
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