Solution-What is the amount of business combination

What is the amount of business combination valuation reserve

Reference no: EM132840698

Problem 1: Kippy Ltd acquired 100% of the share capital of Downs Ltd when the carrying value of Downs Ltd's plant and machinery was $564 000. The fair value of the plant on acquisition date was $610 000. The company tax rate was 30%. What is the amount of the business combination valuation reserve that must be recognised on consolidation?

Select one:

a. $35 000
b. $32 200
c. $46 000
d. $13 800

Reference no: EM132840698

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What is the amount of business combination valuation reserve

Reference no: EM132840698

Reference no: EM132840698

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