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Hi Does anyone know how to get the NCI 87667 in the sample 1 simple groups given by lecture.
Help would be much appreciated
IF FULL GOODWILL METHOD
NCI at year end = Fair Value of NCI at acquisition + NCI % (YE Net Assets – Acquisition Net Assets)IF PROPOTION GOODWILL METHOD
NCI at year end = (NCI % X Net Assets at acquisition) + NCI % x (YE Net Assets – Acquisition Net Assets)I hope that helps.
I seem to remember that the nci amount of 87667 is given – at the bottom of the question!
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Hi ke123,
If you work back using £9920 goodwill at bottom of question you find the value of NCI investment.
FV of Net Assets @DOA is £269333*28%=75413.
Nci share of pre acquisition dividends is 2333, so,
NCI value of investment is 75413+2333+9920=87667.
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