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Hi,
Workings:
Consideration transferred $68,000
Fair Value of NCI (12,500 x $1.6) $20,000
Net assets of S at acquisition (50,000 + 15,000) ($65,000)Please explain how to calculate (12,500 x $1.6) & how to get (50,000 + 15,000)
Thanks for help.
Hi,
The formula for the goodwiil is:
Consideration transferred (what you paid = share in S at cost = 68))
+ fair NCI ( remaining of the share capital in S non acquired value at Market value )= 25% * 50 (SC of S)*$1.6 = 20
– net asset of S at acquisition (SC + Retain earning pre/prio acquisition) = 50 + 15Hope this help!
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