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On 1 July 2020, A Ltd pays 870,000 to acquire the entire share capital of...

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Accounting

On 1 July 2020, A Ltd pays 870,000 to acquire the entire share capital of B Ltd. The equity of B Ltd on that date consists of ordinary share capital of 400,000 and retained earnings of 210,000. The fair value of the non-current assets of B Ltd on 1 July 2020 exceeds their carrying amount by 35,000. The value of goodwill acquired by A Ltd is:

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