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Unformatted text preview: The two balance sheets immediately prior to the share exchange are as follows: Company A Company B $000 $000 Tangible fixed assets 140 120 Net current assets 10 30 150 150 Ordinary shares of $1 each 100 100 Profit and loss account 50 50 150 150 Nominal value of Company B share acquired: Nominal value of Company A shares issued: Fair value of Company A shares issued: Company B carrying value of net assets acquired: Company B fair value of net assets acquired:...
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This note was uploaded on 02/24/2012 for the course ACT 407 taught by Professor Mshui during the Fall '11 term at The Open University.
- Fall '11