Answered>Order 26163
On 1 July 2012, A Ltd acquired 80% of the issued shares in B Ltd for a cash payment of $12,000,000. At the date of acquisition, the shareholders’ equity of Blue Sky Ltd comprised the following: Share Capital $6,000,000 General Reserve $3,000,000 Retained profit $3,000,000 $12,000,000 At the date of acquisition a depreciate non-current asset […]