Question: QUESTION 3 (11 marks) Midrand Ltd acquired a 90% interest in Bramely Ltd on 2 December 20.21 for R2 milion. The consideration was settled as

QUESTION 3 (11 marks) Midrand Ltd acquired a 90% interest in

QUESTION 3 (11 marks) Midrand Ltd acquired a 90% interest in Bramely Ltd on 2 December 20.21 for R2 milion. The consideration was settled as follows Legal and other costs incurred in relation to the acquisition of the shares in relation to Bramely Ltd amounted to R126 000. Costs to issue the shares and the debentures amounted to R89000 and R77500 respectively

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