On 30 June, Cirque SA acquires 100% of Brume SA. At that date, Brume's identifiable assets have a fair value of 2,340,000 and its liabilities assumed a fair value of 785,000; its book equity is 1,310,000. Case convention: the fair values are case data; no deferred tax or contingent liability is to be taken into account. Calculate the identifiable net assets measured under the acquisition method.
- Fair value of identifiable assets acquired
- 2,340,000
- Fair value of liabilities assumed
- 785,000
- Brume's book equity
- 1,310,000