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At 1st may 2009 tibor purchased 60% of kinnot’s $1 ordinary shares for $5000000. At that date kinnot had 5 million $ 1 issued ordinary shares and retained earnings of $450000.
The fair value of non-controlling interest at date of acquisition was $1000000.
What is goodwill on acquisition of kinnot?
A) $10,00,000
B) $550,000
C) $1730,000
D) $2730,000Technical questions need to be posted to the relevant forum https://opentuition.com/forum/acca-forums/acca-financial-accounting-fa-forums-fia-ffa-forums/
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