Did wesfarmers recognize any goodwill or bargain purchase


Question: Did Wesfarmers recognize any goodwill or bargain purchase gain arising from the acquisition of SILK? Based on AASB 3, apply the acquisition method and prepare an acquisition analysis to find out how much the goodwill or bargain is. Discuss any significant discrepancy between the assessed fair value and the amount at which these assets and liabilities are carried in the June 2023 statement of financial position of SILK. Pay particular attention to the fair value of intangible assets acquired. [Hint: Refer to Wesfarmers' half-yearly report (February 2024) for information on the provisional fair value recognized on acquisition of SILK. ]

 

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Accounting Basics: Did wesfarmers recognize any goodwill or bargain purchase
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