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A Limited acquired control with the acquisition of an 80% interest in B Limited for R1 100 000 on 1 January 20.8. On this date the share capital of B Limited was R200 000 consisting of 200 000 ordinary shares and the retained earnings amounted to R800 000. The fair value of the net assets of B Limited amounted to R1 000 000 on 1 January 20.8. The market value of the shares of B Limited on 1 January 20.8 amounted to R7 per share. Non-controlling interests in the acquiree measured at fair value (full goodwill method) The Non- controlling interest will amount to________. Select one: a. R80 000 b. R280 000 c. R300 000 d. R200 000

A Limited acquired control with the acquisition of an 80% interest in B Limited for R1 100 000 on 1 January 20.8. On this date the share capital of B Limited was R200 000 consisting of 200 000 ordinary shares and the retained earnings amounted to R800 000. The fair value of the net assets of B Limited amounted to R1 000 000 on 1 January 20.8. The market value of the shares of B Limited on 1 January 20.8 amounted to R7 per share. Non-controlling interests in the acquiree measured at fair value (full goodwill method) The Non- controlling interest will amount to________. Select one: a. R80 000 b. R280 000 c. R300 000 d. R200 000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A Limited acquired control with the acquisition of an 80% interest in B Limited for R1 100 000 on 1 January 20.8. On this date the share capital of B Limited was R200 000 consisting of 200 000 ordinary shares and the retained earnings amounted to R800 000. The fair value of the net assets of B Limited amounted to R1 000 000 on 1 January 20.8. The market value of the shares of B Limited on 1 January 20.8 amounted to R7 per share. Non-controlling interests in the acquiree measured at fair value (full goodwill method) The Non- controlling interest will amount to________.
Select one:
a. R80 000
b. R280 000
c. R300 000
d. R200 000
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