Isère SA acquires 75% of Tilleul SA, paying 1,900,000 in cash. At the acquisition date, Tilleul's identifiable assets have a fair value of 3,100,000 and its liabilities assumed 800,000. Case convention: Isère measures the 25% non-controlling interest at its fair value of 620,000; the entry is made at business combination level. Record the acquisition entry.
- Fair value of identifiable assets
- 3,100,000
- Fair value of liabilities assumed
- 800,000
- Cash paid
- 1,900,000
- Fair value of the non-controlling interest
- 620,000