XYZ Limited Paid $2 Million for 100 Per Cent of the Voting

question 29

Multiple Choice

XYZ Limited paid $2 million for 100 per cent of the voting shares of ABC Limited and determined the assets to be worth $3 million and the liabilities $800 000.What was the goodwill on consolidation at the date of acquisition?

• A) $100 000
• B) $200 000
• C) $300 000
• D) None of the answers provided

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