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What were the goodwill-bargain purchase on acquisition

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Reference no: EM132919781

Question - Pelepah Sdn Bhd acquired 85% of the share capital of Serba Serbi Sdn Bhd on 1 October 2021 at cost of RM500,000. At the acquisition date, retained profit of Serba Serbi Sdn Bhd amounted RM171,000.

At 31 December 2021 Serba Serbi's statement of financial position showed:

Equity share capital RM200,000

Retained profit  RM180,000  

Note: Pelepah use fair value to measure the NCI and the fair value of NCI amounted RM55,650.

What were the goodwill-bargain purchase on acquisition?

a. RM221,750

b. RM174,650

c. RM215,000

d. RM184,650

Reference no: EM132919781

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