How many business combinations did the company report

Assignment Help Financial Accounting

Reference no: EM132645749

Collect the latest annual reports of two ASX listed companies. Each of the two companies must have reported Business Combination as per AASB 3 (Many of the ASX 300 Companies report business combinations). Carefully read the note disclosure relating to the Business Combination AASB 3. Answer the following:

The two selected companies are as follows

Altium limited (ALU) and the second one is A-CAP ENERGy LIMITED(ACB)

Question (i) How many business combinations did the company report?

For the company A-CAP energy limited it is recored the business combination with Blackham resources limited in order to develop the wilconi NI-co project in WA.

Question (ii) What was the fair value of consideration paid?

Question (iii) What are the components of acquisition costs, e.g. cash consideration and noncash consideration?

Question (iv) What was the fair value of net identifiable assets acquired?

Question (v) Recognised value of each class of assets, liabilities and contingent liabilities

Question (vi) Carrying value of each class of assets, liabilities and contingent liabilities

Question (vii) How much goodwill or gain on bargain purchase has been recorded?

Question (viii) Factors that contributed to the recognition of goodwill or gain on bargain purchase (if disclosed)

Question (ix) What was the amount of goodwill as percentage of total consideration paid?

Reference no: EM132645749

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