Re: Goodwill related to the acquisition of Hail - contingent consideration
Why is he taking $40m and not $42m?
I think it should be $42m coz the FV at reporting date was $42m and not $40m.
Please help - Thank you all
Ask the Tutor ACCA SBR
BPP - Robby Q(a) (i)
6y ago#1Acquisition date
Dr Goodwill Cr Liability 40
SFP date
Dr P&L Cr Liability 2
Goodwill calculated at acquisition date based on expected profits as forseen at that date
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