December 2012 -P2 - Group Question
Dear Sir / Madam,
Can someone please explain me how Goodwill in Heeny was calculated. As we always use following formula to calculate goodwill in NCI but it's not working
Cost of Investment by NCI ( Fair Value of 20% holding of NCI was 72 Million) - 72
Less 20% of Net Assets - X 362 Million.
I am not understanding how ACCA solved example has narrated this calculation. Please help to make me understand