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  3. 4. on 1 july 2019 high ltd acquired a 100% interes

4. On 1 July 2019 High Ltd acquired a 100% interest in Low Ltd. At...

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Accounting

4. On 1 July 2019 High Ltd acquired a 100% interest in Low Ltd. At that time Low Ltd had goodwill of $6 000 recorded in its statement of financial position as a result of a previous business combination. The total goodwill arising on Highs acquisition of Low was $10 000. The goodwill to be recognised on consolidation as a result of Highs acquisition of Low is:

Select one:

$16 000

$10 000

$4 000

$6 000

Answer & Explanation Solved by verified expert
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