Question $4$:

On $1$ July $2014$ Viagem acquired $80\%$ of Greca's equity shares on the following terms: $-$ a share exchange of two shares in Viagem for every three shares acquired in Greca; and $-$ a cash payment due on $30$ June $2015$ of $$1\mathrm{.}54$ per share acquired $($Viagem$\text{'}$s cost of capital is $10\%$ per annum$).$

At the date of acquisition, shares in Viagem and Greca had a stock market value of $$3\mathrm{.}00$ and $$2\mathrm{.}50$ each respectively.

Statements of profit or loss for the year ended $31$ Marcl $2015$:

$\backslash$table$[[,$Viagem,Greca$],[,5000,5000],[$Revenue$,45,000,24,000],[$Cost of sales,$(26,000),(11,000)$