Question: On 1 June 2 0 1 0 , Premier acquired 8 0 % of the equity share capital of Sanford. The consideration consisted of two

1

June

2010,

Premier acquired

80 %

of the equity share capital of Sanford. The consideration consisted of two elements: a share exchange of three shares in Premier for every five acquired shares in Sanford and $

800, 000

in cash. The share issue has not yet been recorded by Premier. At the date of acquisition shares in Premier had a market value of $

5

each.

Find purchase considration

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

On July 1, 2025, Ling Co. pays $12,400 to Marsh Insurance Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Ling Co., journalize and post the entry on July...

On 1 June 20X2, Premier acquired 80 per cent of the equity share capital of Sanford. The consideration consisted of two elements: a share exchange of three shares in Premier for every five acquired...

Question 1 and Question 2 relates to the information given below: On I October x9, P plc acquired 80 percent of the equity share capital of S plc. The consideration consisted of two elements: a share...

ACTIVITY DESCRIPTION The financial statements of The North West Company Inc. and Sobeys Inc. are presented in Appendix A and B in your Financial Accounting Tools for Business Decision- Making 7th...

Appendix A Specimen Financial Statements: The North West Company Inc. In this appendix and the next, we illustrate current nancial reporting with two different sets of corporate nancial statements...

A report examine theprovisions and contingencies in two different company, one is Rheinmetall AG aapliesGerman local GAAP, another is GentrackGROUP LIMITED appliesInternational Financial Reporting...

6. Notes to financial statements ? describe those notes your team feels would most likely affect an investor?s decisions 7. Independent auditor?s report a. Who is responsible for the preparation and...

Refer to the financial statement and the notes to consolidated financial statements: a) What were the Second CUp's total current liabilities at June 24, 200? What was the increase /. decrease in...

Refer to the financial statement and the notes to consolidated financial statements: a) What were the Second Cup's total current liabilities at June 24, 2000? What was the increase /. decrease in...

Find out if the discrete-time system described by the I/O relationship y[n ]=x [-n ] for the input signal. x[n]= 2n, -2<=n<=2 is a) Static or dynamic b) Causal or non-causal c) Linear or not...

11:47 AM Tue Jul 1 . . . 46% Student Portal | Main X | Mc mms.mckesson.com X | 5 MGT-655 Class Resc X & ChatGPT X Course Hero X Question 7 - Topic 8. X + ezto.mheducation.com 6 . . . Topic 8 Quiz i...

Visit DashLockers website http://www.dashlocker.com/ and explore the process of signing up for services. What recommendations would you give to Hennessy to make the process easier?

Implement an in-place version of insertion-sort and an in-place version of quicksort. Perform benchmarking tests to determine the range of values of n where quick-sort is on average better than...

Consider these methods: public static double f(double x) { return g(x) + Math.sqrt(h(x)); } public static double g(double x) { return 4 * h(x); } public static double h(double x) { return x * x +...

Rayman Company produces three chemical products, J1X, J2Y and B1Z. Raw materials are processed in a single plant to produce two intermediate products, J1 and J2, in fixed proportions. There is no...

Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders equity accounts of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as follows: Common Stock, $20 stated value...

Question 3 ( 1 point ) What are the technical considerations web designers must keep in mind?

How are the sustainable HRM practices you chose in Question 1 aligned with the organizations strategic objectives?

Describe and discuss HRM strategies that MNCs can use when entering Mexico.

HR manager Alexandra must focus on those HRM practices that could help to address the turnover problem. However, simultaneously, she must keep costs at bay and ensure that the selected practices...