Example 7 (GoodWill)Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Example 7 (GoodWill)This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 1, 2016 at 9:13 am #330626 naima123ParticipantTopics: 4Replies: 2☆In example 7, how did we get the good will of disposing subsidiary? August 2, 2016 at 5:23 am #330768 MikeLittleKeymasterTopics: 27Replies: 23200☆☆☆☆☆Cost $350,00075% x (300,000 $1 shares + $150,000 retained earnings) = $337,500Goodwill $12,500The fuller version:Cost $350,000 NCI $112,500 (proportional share of net assets at date of acquisition)Total worth of the entity $462,500Fair valued net assets at date of acquisition:Shares $300,000 Retained earnings $150,000Therefore Goodwill is $12,500OK?AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In