Rangers Ltd acquired the following assets and liabilities of Rovers Ltd. Fair Value 170,000 30,000 Plant...
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Rangers Ltd acquired the following assets and liabilities of Rovers Ltd. Fair Value 170,000 30,000 Plant and Equipment Internally generated brandname Bank Loan Accounts Payable Rangers Ltd provided the following consideration. Cash Shares in Rangers Ltd Required Book Value 150,000 a b C 50,000 30,000 Book Value 200,000 N.A. Fair Value 60,000 Calculate the consideration transferred Calculate the fair value of net assets acquired by Rangers Ltd Calculate the goodwill on acquisition Rangers Ltd acquired the following assets and liabilities of Rovers Ltd. Fair Value 170,000 30,000 Plant and Equipment Internally generated brandname Bank Loan Accounts Payable Rangers Ltd provided the following consideration. Cash Shares in Rangers Ltd Required Book Value 150,000 a b C 50,000 30,000 Book Value 200,000 N.A. Fair Value 60,000 Calculate the consideration transferred Calculate the fair value of net assets acquired by Rangers Ltd Calculate the goodwill on acquisition
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ANSWER a The consideration transferred by Rangers Ltd was 60000 ca... View the full answer
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