SAICA ITC
SAICA Initial Assessment of Competence (IAC / ITC)
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Company X acquires 80% of Company Y on 1 January 2025 for R80 000 000. At acquisition date, Company Y's net identifiable assets have a book value of R70 000 000 and fair value of R90 000 000. NCI is measured at fair value, which is valued at R20 000 000. Under IFRS 3, what is the goodwill recognized at acquisition date?
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