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  3. 2 (a) calculate the purchased price paid by bortit

2 (A) Calculate the purchased price paid by Bortit Ltd for A. Sellit. 7 Marks....

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Accounting

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2 (A) Calculate the purchased price paid by Bortit Ltd for A. Sellit. 7 Marks. (B) Explain what is meant by "purchase consideration". 1 Mark (C) Briefly explain the purpose of goodwill when an acquisition takes place. 2 Marks (Non-anonymous question 6) * (10 Points) ACCOUNTINGUD 12 Bord purchased the business of A Selitsoleraderon October 2011 Ses Statement of Financial Position at that date was 5 Non Currentes Land and building Plant and machinery Motor vehicles 60.000 35.000 21.090 116.000 Currestre Inventory Trade recevables Cash and Cheavisents 7.000 4.000 5.000 16,000 Less Currentlabilities Trade Parables 2.000 14.000 Buty OrdinaryShare Capital 12.00 The me and abilities were taken over at the following us Land and buildings Part and machine Motor vehicles watory Trade Receivables Trade Past 30.000 28.000 16.000 5.000 3.000 2.000 Borta od pet take over Sets Bank account bord as valued Goodwill of Aelitat 520,000

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