ADMS 4520 Study Guide - Quiz Guide: Taslima Nasrin, Simon Property Group, Metro Ag

• School: York University
• Department: Administrative Studies
• Course: ADMS 4520
• Professor: Patricia Farrell

Document Summary

In sept. 30th of (cid:1006)(cid:1004)(cid:1005)5, hudso(cid:374)"s ba(cid:455) co(cid:373)pa(cid:374)(cid:455) has a(cid:272)(cid:395)ui(cid:396)ed a(cid:374)othe(cid:396) company by the name of galeria holdings. Ifrs 3 states the acquisition method as the way to account for such an acquisition and the ite(cid:373)s that should (cid:271)e dis(cid:272)losed du(cid:396)i(cid:374)g su(cid:272)h p(cid:396)o(cid:272)ess. Hudso(cid:374)"s ba(cid:455) stated that they are the firm that purchased galeria holdings and stated the date as sept. 30th. They have also provided in their financial statements the fair value of the consideration. The transaction amounted to ,490 million canadian dollar. The transaction was broken up into parts; hbc has acquired the operating business of kaufhof for ,068 million canadian dollars. While the hb joi(cid:374)t (cid:448)e(cid:374)tu(cid:396)e (the joi(cid:374)t (cid:448)e(cid:374)tu(cid:396)e is (cid:271)et(cid:449)ee(cid:374) hudso(cid:374)"s ba(cid:455) co(cid:373)pa(cid:374)(cid:455) a(cid:374)d i(cid:373)o(cid:374) Property group) has acquired the property for ,422 million canadian dollars. Apart from the fees paid to purchase the company, million canadian was spent on expenses relating to the acquisition such as legal fees and such.