60.1K
Verified Solution
Link Copied!
3. Trinity Limited acquired 100% of the share capital of Visa Limited.
Visa had issued share capital of $200 000.
The book values of Visa Limiteds assets were:
Plant $200 000 and Buildings $200 000.
The fair values of these assets were:
Buildings $280 000, and plant $340 000. The tax rate is 30%. The fair value of the identifiable net assets is:
Select one:
$820 000
$420 000
$600 000
$354 000
Answer & Explanation
Solved by verified expert
