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December 2026 sitting · practise now

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Mock exam · SBR02:58:10
▸ Section B · Question 2 of 4
Question · 6 marks

Explain the deferred tax effect of the $0.5m fair value uplift on the net assets acquired, and its effect on goodwill.

Your answer
The $0.5m uplift creates a taxable temporary difference, so a deferred tax liability of $0.1m is recognised
Autosaved · 148 words · Question 2 of 4
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