Unity Limited acquired 100% of the share capital of Bellvista Limited. Bellvista had issued share...
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Accounting
Unity Limited acquired 100% of the share capital of Bellvista Limited. Bellvista had issued share capital of $200 000. The book values of Bellvista Limiteds assets were: buildings $100 000, machinery $120 000. The fair values of these assets were: buildings $180 000, machinery $140 000. The tax rate is 30%.
The fair value of the identifiable net assets is:
Select one:
a. $220 000.
b. $270 000.
c. $320 000.
d. $200 000.
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