Question
What is the total value of pre-acquisition capital and reserves? Consideration provided to shareholders consisted of $1.20 in cash plus 1 share for each share
What is the total value of pre-acquisition capital and reserves?
Consideration provided to shareholders consisted of $1.20 in cash plus 1 share for each share held.
The fair value of shares on the date of acquisition was $1.50.
At the date of acquisition the records included the following information:
Share Capital $300,000.00
General Reserve $30,000.00
Retained Earnings $410,000.00
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Introduction To Cost Accounting
Authors: Don R. Hansen, Maryanne Mowen, Liming Guan, Mowen/Hansen
1st International Edition
0538749636, 978-0538749633
