Question: don't use excel... show all the workings in solving it w Leeds Ltd acquired the whole of the issued share capital of Cardiff Ltd for

don't use excel... show all the workings in solving it

w Leeds Ltd acquired the whole of the issued share capital of Cardiff Ltd for CU12 million in cash. In arriving at the purchase price Leeds Ltd had taken into account future costs for reorganising Cardiff Ltd of Cul million and Cardiff Ltd's anticipated future trading losses of CU2 million. The fair value of the net assets of Cardiff Ltd before taking into account these matters was CU7 million. In accordance with IFRS 3 (revised) Business Combinations, what is the amount of goodwill acquired in the business combination

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