- This topic has 1 reply, 2 voices, and was last updated 2 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Crash Co acquired 70% of Bang Co’s 100,000 $1 ordinary shares for $800,000 when the retained earnings of Bang Co were $570,000.
Bang Co also has an internally developed customer list which has been independently valued at $90,000. The non-controlling interest in Bang Co was judged to have a fair value of $220,000 at the date of acquisition. What was the goodwill arising on the acquisition?
? $130,000
? $450,000
? $380,000
? $350,000
Why Intangible asset is not included in the Goodwill calculation?
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.