Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. unity limited acquired 100% of the share capital o

Unity Limited acquired 100% of the share capital of Bellvista Limited. Bellvista had issued share...

60.1K

Verified Solution

Question

Accounting

Unity Limited acquired 100% of the share capital of Bellvista Limited. Bellvista had issued share capital of $200 000. The book values of Bellvista Limiteds assets were: buildings $100 000, machinery $120 000. The fair values of these assets were: buildings $180 000, machinery $140 000. The tax rate is 30%.

The fair value of the identifiable net assets is:

Select one:

a. $220 000.

b. $270 000.

c. $320 000.

d. $200 000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students