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I saw question in Kaplan in which contingent liability was deducted from goodwill calculation (i mean increases net assets) that’s why i confused about calculation.There was another question in the exam which i added contingent liability to net assets.
Section A B was involved with very stupid theoretical questions ,wich i never saw in revisions.There was question about revised goodwill ,i coudn’t find correct anwser ,even i thought there was smth wrong with this question.
Firm acquired 90% of subsidiary, b/f goodwill is 6m$ .Then it was found that,firm has brand FV of 4m$ and contingent liability of 1,2m$.NCI calculated with proportionate method.Calculate revised goodwill? I chose 3,48 if i am not mistaken
Could anyone can sovle this question?
