Good day
I'm trying to calculate Goodwill from the 2014 notes in CH 7 E.g. 5. I'm having probs arriving at the 'N.C.I Investment Valuation' value . I have tried all calculations but cant seem to reach the same answer on the solutions provided. I'm not to sure what i'm doing wrong. please help out.
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Non Controlling Interest in Goodwill
11y ago#1It's proportionate. Fair valued net assets are $32,000 + $60,000 retained earnings and their shareholding is 25% of Ilona
25% x $92,000 is $23,000
Does that help?
Yes! thank you :)
11y ago#3You're welcome
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