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Question: alpha plc invested 260000 in 150000 ordinary shares of 1...

Question details

Alpha plc invested €260,000 in 150,000 ordinary shares of €1 each in Zeta Ltd. At the

date of acquisition the equity of Zeta Ltd comprised €200,000 in share capital and

€120,000 in retained earnings. What is the value of goodwill at the date of

acquisition? How is this calculated step-by-step?

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