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- consolidated statement - current assets - OpenTuition
105 Pedantic (12 08 amended) 39 mins On 1 April 20X8, Pedantic acquired 60% of the equity share capital of Sophistic in a share exchange of two shares in Pedantic for three shares in Sophistic
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- Financial Accounting 2- ACCA - OpenTuition
(iv) At 30 September 20X8, Sophistic had a receivable due from Pedantic of $1 million This agreed with the amount payable to Sophistic in Pedantic’s financial statements (v) Pedantic has a policy of accounting for any non?controlling interest at fair value The fair value of the non?controlling interest at the acquisition date was $2 8 million
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