[evans1234]

I think the Preference shares should be recorded in the Goodwill computation. Recording it in the net assets aquired account makes you apply the acquisition percentage (75%) instead of its own percentage (40%).

w.3 Goodwill
P.C Equity and Preference 250,000
FV of NCI 106,000
Less: NAA (300,000)
Preference (0.4×50) (20,000)
Goodwill 36,000

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