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Social Studies, 24.02.2021 17:00 xyxenpaiz5386

Assume that ABC Company acquires 80 percent of XYZ Company’s 120,000 outstanding voting shares on January 1, 2020, for Br 8 per share or a total of Br 768,000 cash consideration. Further assume that the 20 percent non-controlling interest shares traded both before and after the acquisition date at an average of Br 8 per share. The following are assets and liabilities of XYZ at book values and fair values;

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