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Chapter:10 – Example 5

This topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.

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December 31, 2015 at 5:52 pm #293107
mansoormmaw
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I have gone through the example 5 answer at the back of the notes, but i didn’t follow up on how you got the nci investment valuation in w2 (goodwill).
Please do explain it and thank you for all your video lectures and efforts.
December 31, 2015 at 7:32 pm #293113
MikeLittle
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Is this the example Didzis and Ansis? Nci valuation of $9,500?
January 3, 2016 at 9:56 am #293340
mansoormmaw
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yes sir
January 3, 2016 at 10:32 am #293343
MikeLittle
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It’s the nci’s proportionate share of fair valued net assets at date of acquisition
25% x ($20,000 share capital + $18,000 retained earnings)
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