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Hello!
Normally when calculating goodwill to be presented in the financial position, what exactly is the fair value of NCI at acquisition if it is not given directly in the question?
There was one question where I saw the internally generated brand name of the subsidiary was taken as the fv of NCI at acquisition. Also, this is for the full goodwill method.
Please help as I am not able to understand the concept.
You will either be given a total value or a price per share. In practice, the figure is an estimate (like an estimate of a building revaluation).
The point about the internal brand makes no sense – I think it’s either a coincidence or a flaw in the question.
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