Multiple Choice
Major Ltd pays $5,000,000 for a 70% share in Minor Ltd.The net assets acquired in Minor Ltd are valued at $4,500,000.The $500,000 difference will appear in Major Ltd's statement of financial position as:
A) goodwill on consolidation.
B) mortgage payable.
C) long-term investment.
D) acquisition reserve.
Correct Answer:
Verified
Correct Answer:
Verified
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