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What fair value of identifiable net assets acquired by ting

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Problem 1: Ting Limited paid $220 000 for 70% of Ping Limited. At the date of acquisition Ping Limited had share capital of $200 000 and retained earnings of $100 000 and all of Ping Limited's assets and liabilities were recorded at fair value. The fair value of identifiable net assets acquired by Ting Limited amounted to:

Select one:

a. $220 000.
b. $210 000.
c. $300 000.
d. $154 000.

Reference no: EM132840695

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