Accounting Standards Boar Assignment
Acquisition of Saban Ltd On 1st January 2010, Habiki Ltd acquired 90% of the share capital (ex div) of Saban Ltd for $14,500,000. At this date, the accounts of Saban Ltd included the following balances: Share capital (9,000,000 shares) $9,000,000 General reserve 2,100,000 Retained profits 1,050,000 Dividends payable 900,000 All of the identifiable net assets of Saban Ltd were recorded at fair value except for […]