Corona Limited acquires the net assets of Vaccine Limited for a cash consideration of $100 000. One
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Question:
Corona Limited acquires the net assets of Vaccine Limited for a cash consideration of $100 000. One half is to be paid on acquisition date and one half is payable in one year’s time. The appropriate discount rate is 10% p.a. The present value of the cash outflow in one year’s time is:
Select one:
$90 909
$100 000
$110 000
$100 909
Related Book For
Advanced Accounting
ISBN: 978-1934319307
2nd edition
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
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