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Determine the fair value of identifiable net assets of Sub

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Question - Parent Ltd acquired all of the issued share capital of Sub Ltd on 30 June 2020 for a cash consideration of $412,000. If goodwill acquired by Parent Ltd is $27,000, determine the fair value of identifiable net assets of Sub Ltd?

a. $412,000

b. $439,000

c. $385,000

d. $390,000

Reference no: EM132992342

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