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SAVE ANSW Question 10 1 points Tori Ltd acquired 75% of the share capital and reserves of Soti Ltd for $400,000. On the date of
SAVE ANSW Question 10 1 points Tori Ltd acquired 75% of the share capital and reserves of Soti Ltd for $400,000. On the date of acquisition, Soti Ltd's equity includes share capital $250,000 and retained earnings $100,000. All assets and liabilities were recorded at fair value except for machine which was recorded at $30,000 below its fair value. Assuming a tax rate of 30%, the NCI share of equity at the date of acquisition is: a. $95,00 b. $92,750 c $64,925 d. $29,000
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