Jacob Ltd acquired 60% of Carlos Ltd's 500,000 R1 equity shares on 1st January 2023 for...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6648dfc6bdb0b_9106648dfc63b50b.jpg)
Transcribed Image Text:
Jacob Ltd acquired 60% of Carlos Ltd's 500,000 R1 equity shares on 1st January 2023 for a consideration of R5 cBrooklyn per share. At the date of acquisition, net assets and liabilities in Carlos Ltd were valued at R1,600,000 and the fair value of the non-controlling interest was R800,000. Required: B Determine the acquisition date. Calculate goodwill or gain on bargain purchase if any using Proportionate of Net Assets Method Calculate goodwill or gain on bargain purchase if any using Fair Value Method Jacob Ltd acquired 60% of Carlos Ltd's 500,000 R1 equity shares on 1st January 2023 for a consideration of R5 cBrooklyn per share. At the date of acquisition, net assets and liabilities in Carlos Ltd were valued at R1,600,000 and the fair value of the non-controlling interest was R800,000. Required: B Determine the acquisition date. Calculate goodwill or gain on bargain purchase if any using Proportionate of Net Assets Method Calculate goodwill or gain on bargain purchase if any using Fair Value Method
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
You are performing the audit for Premium Pet Care Pty Ltd (PP), which operates a luxury boarding kennel and daycare facility for dogs and cats. PP bill their customers after their pet's stay, with...
-
What makes the APV capital budgeting framework useful for analyzing foreign capital expenditures?
-
Repeat Prob. 11-107 assuming the compressor has an isentropic efficiency of 75 percent. Also, determine the rate of exergy destruction associated with the compression process in this case. Take T0 =...
-
Explain the concept of limited liability.
-
Using the information provided in BE4-2, prepare a condensed multiple-step income statement for Brisky Corporation.
-
Leader Enterprises Ltd. follows IFRS and has provided the following information: In 2022, Leader was sued in a patent infringement suit, and in 2023, Leader lost the court case. Leader must now pay a...
-
2-) Would be possible to A-B melt at 1300K at 1300k. B from the vapor refine conditions given below. Write colculations XB = 0,4 9B-0,200 aa =0,600 Po B = 2x 10-6 POA = 4x10-6
-
Z Company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process and conversion costs are added proportionately. The...
-
You have been hired by a real estate agent to write a program that will advise them if they should or should not show an apartment to a client. The program must ask the user to enter the following...
-
Payout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2017 as follows: Preferred Stock Paid-In Capital- Preferred Paid-In Common Stock...
-
How would you get the selling price? I have tried all possible answers. The pv is not the correct answer. On April 1, Year 1, a new customer purchased a piece of equipment from Thomas Tech Center by...
-
A variable is normally distributed with mean 12 and standard deviation 2. a. Determine the quartiles of the variable.
-
The number of columns of available space for the output of program text.
-
Write a paper by answer the following question: Should Recycling Be Mandatory?
-
Why are stock markets important and what do they trade in?
-
How has the relative importance of the NYSE and LSE changed?
-
What was the importance of the Big Bang?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App