Question
The consideration provided to shareholders of NMS consisted of $1.20 in cash plus 1 share in CIH for each share held. The fair value of
The consideration provided to shareholders of NMS consisted of $1.20 in cash plus 1 share in CIH for each share held. The fair value of the CIH shares on the date of acquisition was $1.50. At the date of acquisition the records of NMS included the following information:
Share Capital $300,000.00
General Reserve $30,000.00
Retained Earnings $410,000.00
What was the consideration paid by CIH for the investment in NMS?
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IT Security Risk Control Management An Audit Preparation Plan
Authors: Raymond Pompon
1st Edition
1484221397, 978-1484221396
