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What is the profit before tax

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Reference no: EM132923776

Question - Molde SA acquires 95% of the issued share capital of Balcke SA on 30 June 20x1 by way of a share for share exchange.

The Profits before tax of the two companies for the year ended 31 December, 20x1 are:

Molde SA 200,000

Blacke SA 150 000

What is the profit before tax that would be shown in the consolidated statement of profit or loss of Molde SA for the year ended 31 December 20x1, in accordance with IFRS 3 'Business Combinations'?

1. 271,250

2. 275,000

3. 342,500

4. 350,000

Reference no: EM132923776

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