BPP – Robby Q(a) (i)

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February 23, 2020 at 10:46 am #562800
chrisi04
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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
February 23, 2020 at 6:57 pm #562846
Stephen Widberg
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Acquisition 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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