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Calculation of goodwill-Chapter Consolidation

This topic has 2 replies, 3 voices, and was last updated 7 years ago by accabaangladesh.

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August 16, 2017 at 9:13 am #402011
nishtaz
Participant
- Topics: 3
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Hi Sir,
Please help on the below…
Bradshaw purchased 18,520,000 $1 ord shares in Martin on 1Nov 2015 for $34,000,000.At that date retained earnings were $5,338,000.NCI is $7,408,000 at acquisition
My calculation is 34,000,000 add 7,408,000 less 5,338,000 less 18,520,000 equal to 17,550.
But the ans is 12,920.
I cant understand where am i wrong…
Can anyone please help.
August 16, 2017 at 10:26 am #402040
John Moffat
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If you wish for me to answer then you must ask in the Ask the Tutor Forum – this forum is for students to help each other 🙂
August 22, 2017 at 4:35 pm #403030
accabaangladesh
Member
- Topics: 2
- Replies: 4
so far I know, goodwill equation is:
Amount that parental com. acquired subsidiary which is 32,000,000
add NCI @ acquisition date 7,408,000
less nest asset of subsidiary com. @ acquisition date 5,338,000
there goodwill arrived 34,070,000.
is that??
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