Breakspear Co purchased 600,000 of the voting equity shares of Fleet Co when the value of the noncontrolling interest in
Fleet Co is $150,000 The following information relates to Fleet at the acquisition date
??????????????????????????????????????? At acquisition $!000
Share capital, $0.5????????????? 500
ordinary shares?????????????????? 150
Retained earnings?????????????? 50
Revaluation surplus??????????? 700
The goodwill arising on acquisition is $70,000. What was the consideration paid by Breakspear Co for the investment in Fleet Co?