Simple Groups sample 1

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October 13, 2011 at 11:51 am #50077

ke123
Member

Hi Does anyone know how to get the NCI 87667 in the sample 1 simple groups given by lecture.

Help would be much appreciated

October 13, 2011 at 7:28 pm #88736

ratna1238
Member

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.

October 23, 2011 at 5:23 pm #88737

MikeLittle
Keymaster

I seem to remember that the nci amount of 87667 is given – at the bottom of the question!

November 5, 2011 at 5:41 pm #88738

Anonymous
Inactive

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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