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Entity X pays £80m for an 80% interest in Entity Y. The fair value of Entity B...

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Entity X pays £80m for an 80% interest

in Entity Y. The fair value of Entity B's net assets is estimated to be £75m. 

Using a valuation technique, the fair

value of the remaining 20% in Entity Y on the acquisition date is

determined to be £16m.

Which of the following statements is CORRECT?

0%
0%
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