On 1 july anderson ltd require 70 % of equity capital of ARthur a cost of $ 4 millions at the date of acquisition all assets of arther are fairy stated and the total shareholder funds of arthur are $ 4.4 millions cosisting of share capital 3 m retained earning 1.4 M addditional information the management of anderson measures any non controlling interest in arthur at fair value during 2012 financial year arthur sells $45 000 of inventory to anderson at the year end anderson has sold this inventory tax rate 30 %.