QUESTION 11In respect to the investment in 60% of the share capital in DAC Enviro Ltd (DAC):JJ Victory purchased 1.2 million (of DAC's 2.0 million issued share capital.) on 1 April 2021In addition to the £45.0 million cash paid on the acquisition date, JJ Victory issued a one for eight shareexchange. The market value of Victory shares on 1 April 2021 was £72.21 per share. The market value of JJVictory shares on 30 September 2021 was £76.12.You confirm future payments of £20 million are payable in 2 years after acquisition (1 April 2023). JJ Victoryapplies discount rate of 7% on future payments and pro-rates finance costs charged in the period.Question:The total of the balance included in liabilities recognised in the statement of financial position at 30September 2021 in respect to the investment in DAC Enviro Ltd is:O a. £17.47 millionb. £106.65 millionO c. £18.08 millionO d. £18.69 millionO e. £20.00 million

Liabilities are those debts or items which the company has to pay. It Means Company owes the money…

Answered: The total of the balance included in…

The total of the balance included in liabilities recognised in the statement of financial position at 30 September 2021 in respect to the investment in DAC Enviro Ltd is:

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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