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Accounting
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2. A company acquires a subsidiary on 31 December 206 for $600,000 and performs a fair value exercise as at that date. Assuming a tax rate of 40%. The deferred tax implications of the acquisition may therefore be as follows: (Numbers are included for the purpose of illustration.) Required: (1) How much Temporary difference? (2) How much goodwill without considering deferred tax liability? (3) How much deferred liability arising on fair value exercise? (4) How much goodwill if considering deferred tax liability
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