[Andreas412]

Thank you Sir !!

[Andreas412]

Hello

the extracts are from Sentinel Co

Profit for the year 66,000

Other comprehensive income
Gain on revaluation of land ?1,000
Loss on fair value of investment (400)
Total comprehensive income 66,600

It says in the first note
1) During the post acquisition period Sentinels land had increased in value over its value at date of acquisition by 1 million. Sentinel has recognised the revaluation within its own financial statements.

The goodwill calculation in the solution takes the other comprehensive income of 66,600 and not the 66,000, although it states that it hapenned after acquisition.

Thank you

[Andreas412]

Hello,

I was concerned because each way you calculate it you come to a different amount.

Thanks

[Author]

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