Acquisition of Existing Group

Sir,

There seem not to be any difference in your working of a group acquiring a new sub sub and a company acquiring a group. Examples 2 and 3, chapter 3 on pages 21 and 22 seems to me to have the same working.

I think in example 3, since the company is acquiring a group(job lot), the consideration for acquiring the group should be $95, 000 and not 95,000 and $64000. This is because the company never paid $64,000 to acquire the sub but only paid $95,000 to acquire an existing parent and subsidiary.

The calc.of Goodwill shd have looked like this(though I may be wrong)
COI 95,000
NAA
OSC 50,000
R/E 60,000
GRP SHARE .8*110,000 (88,000)
NAA in Victorija
OSC 70,000
R/E 48,000
GRP SHARE .48*118,000 (56.640)
Goodwill (49,640)

If your working is correct that means there is no difference btw the workings of group acquisition and when a Sub acquires a sub.

Thanks for the good job you are doing. God bless you.