EssayNICE | 24/7 Homework Help

Essaynice Will Help You Write Your Essays and Term Papers

Answered » You can buy a ready-made answer or pick a professional tutor to order an original one.

Assignment help 8511

by | Jun 24, 2023 | Posted Assignments

Hi how can I calculate the percentage tookover when ABC Ltd acquire XYZ Ltd? What is the non-controlling interest be?

ABC Ltd made a takeover bid for all the issued voting shares of XYZ Ltd offering three ABC Ltd shares for every two XYZ Ltd shares. The offer from ABC Ltd was accepted by 90% of the shareholders of XYZ Ltd. The date control was obtained by ABC Ltd was deemed to be 1 January 20X7. The following information is available.

(a) Shareholders’ equity of XYZ Ltd at balance date on 31 December 20X6:

                                                                                                              $000

Share capital (200,000) shares                                                         200

General reserve                                                                                    300

Retained earnings                                                                               150

                                                                                                                650

(b) Market value of each entity’s shares at 1 January 20X7

ABC Ltd                                                                                                $3.20

XYZ Ltd                                                                                                 $4.00

HOME TO CERTIFIED WRITERS

Why Place An Order With Us?

  • Certified Editors
  • 24/7 Customer Support
  • Profesional Research
  • Easy to Use System Interface
  • Student Friendly Pricing

Have a similar question?

PLAGIRAISM FREE PAPERS

All papers we provide are well-researched, properly formatted and cited.

TOP QUALITY

All papers we provide are well-researched, properly formatted and cited.

HIGHLY SECURED

All papers we provide are well-researched, properly formatted and cited.

Open chat
1
Powered by essaynice
Hello! Welcome to to our whatapp support.
We offer READY solutions, HIGH QUALITY PLAGIARISM FREE essays and term-papers.

We are online and ready to help