Junior Ltd acquired 100% of the share capital of Senior Ltd when the carrying value of Senior

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Junior Ltd acquired 100% of the share capital of Senior Ltd when the carrying value of Senior Ltd's plant and machinery was $100 000. The fair value of the plant on acquisition date was $150 000. The company tax rate was 30%.

What is the amount of the business combination valuation reserve that must be recognised on consolidation?

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Financial Accounting and Reporting

ISBN: 978-1292080505

17th edition

Authors: Barry Elliott, Jamie Elliott

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Posted Date: Jul 17, 2023 01:25 AM

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Junior Ltd acquired 100% of the share capital of Senior Ltd when the carrying value of Senior

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Financial Accounting and Reporting

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