Holder plc paid 3m to acquire the entire share capital of Sunder Ltd. At the date of
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Holder plc paid £3m to acquire the entire share capital of Sunder Ltd. At the date of acquisition, the fair value of the share capital and reserves of Sunder Ltd was £2m.
What is the amount that will be reported as ‘goodwill’ in the consolidated statement of financial position (balance sheet) of the Holder Group at the date of acquisition?
(a) £1m
(b) £2m
(c) £3m
(d) £5m
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