During June 20X5,Cassius Ltd Acquired All of the Share Capital

question 27

Multiple Choice

During June 20X5,Cassius Ltd acquired all of the share capital of Cicero Ltd in exchange for 1,000,000 shares with a market value of $10 per share,$5,000,000 cash payable on June 30 20X5 plus a further $6,050,000 payable on June 30 20X7.Assume an interest rate of 10%.A consultation fee of $1,000,000 was paid to an independent firm for their assistance in the acquisition.A special department was set up in Cassius Ltd to oversee the acquisition and the estimated costs of this department that were reliably attributable to the acquisition amounted to $300,000.The cost of acquisition was (rounded to nearest $'000) :

• A) $21,000,000
• B) $22,350,000
• C) $22,050,000
• D) $21,300,000

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Definitions:

Motor Milestones

Key developmental stages where infants and toddlers acquire new motor skills, such as crawling, walking, and grasping.

Manual Dexterity

The skillful use of the hands and fingers to perform tasks with precision and speed.

Object Permanence

The realization that objects still exist even when they are not visible, audible, or tangible.

Manual Dexterity

The skillful use of the hands and fingers to perform tasks with precision, often important in various professions and daily activities.