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  3. 9. tiger acquired 20% share capital of deer on 1 a

9. Tiger acquired 20% share capital of Deer on 1 August 2021 at the cost...

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Accounting

image 9. Tiger acquired 20% share capital of Deer on 1 August 2021 at the cost of 5.5 million. Tiger has classified Deer as an associate undertaking. For the year ended 31 October 2021, Deer has reported a net profit of 937,500. What is the value of the associate investment in the group statement of financial position of Tiger as at 31 October 2021 ? A. 5,546,875 B. 6,125,000 C. 5,968,750 D. 5,500,000 10. Hyperverse plc acquired 80% of the share capital of Lyca plc on 1/10/2018 for 340,600. The profit for the year ended 31/12/2018 for Lyca was 36,000. Profits are deemed to accrue evenly over the year. At 31/12/2018 the following extracts of the statement of financial position for Lyca has been provided: What is the goodwill on acquisition? A. 150,000 B. 184,650 C. 159,000 D. 177,000

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