I have a small problem with a question on page 164 of my BPP study text: There is Goodwill, as a consideration has been paid of $12 for a 75% share of a company with equity of $8 and retained earnings of $4.4. N.C.I. is $4.
However, the question states that for PPE the following applies:
Gross replacement cost: $28.4
Net replacement…[Read more]