[Matt]

Hi Mike,

Thanks for replying. I have gone through Chapters 6,7,8, and 9 along with the video lectures. I have worked through a good portion of the Goodwill mini exercises but have been stumped by Question 14.

I just cannot see how I can determine how many shares there are in S in total. I can see that for the goodwill working we have a deferred payment valued at $1.8mil, NCI value of 25% x $1.2 x total shares of S, and for cost of inv 75% x $1.50 x total shares of S. But how do I determine total number of shares in S? It almost feels like the question is missing an extract from the financial statements?

I also cannot see how you would determine the retained earnings from the info in the question. I cannot see any reference to retained earnings at all.

Can you point me to an example in the main text, or a page number that I should review that might help, or a hint?

Thanks,
Matt

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