Molokomme Limited acquired all the assets and liabilities of Mashiane Limited at 1 January 2016 for R195 000. Thestatement of financial position for Mashiane Limited was presented as follows at acquisition date: Mashiane Limited Statement of financial position as at 1 January 2016 R'000 Assets Property, plant and equipment 70 Inventory 60 Accounts receivable 40 Total assets 170 Capital and reserves Share capital 80 Retained earnings 70 Shareholders’ equity 150 Accounts payables 20 Total equity and liabilities 170 Molokomme Limited considered the fair values of the assets and liabilities of Mashiane Limited to be equal to theircarrying amounts in the statement of financial position of Mashiane Limited at that date except for property, plant andequipment which was estimated at R100 000. What is the amount of goodwill (if any) that Molokomme Limited acquired in Mashiane Limited at 1 January 2016? Select one: a. R45 000 b. R30 000 c. R15 000 d. R25 000
Molokomme Limited acquired all the assets and liabilities of Mashiane Limited at 1 January 2016 for R195 000. Thestatement of financial position for Mashiane Limited was presented as follows at acquisition date:
Mashiane Limited
R'000
Assets
Property, plant and equipment
70
Inventory
60
Accounts receivable
40
Total assets
170
Capital and reserves
Share capital
80
70
Shareholders’ equity
150
Accounts payables
20
Total equity and liabilities
170
Molokomme Limited considered the fair values of the assets and liabilities of Mashiane Limited to be equal to theircarrying amounts in the statement of financial position of Mashiane Limited at that date except for property, plant andequipment which was estimated at R100 000.
What is the amount of
Select one:
a.
R45 000
b.
R30 000
c.
R15 000
d.
R25 000
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