- This topic has 2 replies, 2 voices, and was last updated 2 years ago by
.
- Posts
hello. can you help me pls?
On 30 September 20X1 GHI purchased 100% of the ordinary share capital of JKL for $1.80 million. The book value of JKL’s net assets at the date of acquisition was $1.35 million. A valuation exercise showed that the fair value of JKL’s property, plant and equipment at that date was $100,000 greater than book value, and JKL immediately incorporated this revaluation into its own books. What is the goodwill on acquisition?and this one
Paul acquired 75% of the share capital of Simon on 1 January 20X1. On this date, the net assets of Simon were $80,000. The non-controlling interest was calculated using fair value, which was calculated as $40,000 at the date of acquisition. At 1 January 20X3 the net assets of Simon were $120,000 and goodwill had been impaired by $10,000. What was the value of the non-controlling interest at 1 January 20X3?
- The topic ‘ACCA’ is closed to new replies.