Answer to Question #129468 in Accounting for Ugne

Question

When preparing a consolidated statement of financial position as at 31 March 2020. How to treat this information:

On 1 April 2019, baxter acquired 80% of hurleys equity shares by means of an immediate share exchange and a cash payment of 6million, deferred until 1 april 2020. baxter has recorded the share exchange, but not the cash consideration. baxter's cost f capital is 10% per annum.

Answer 1

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