Micro Co acquired 90% of the $100,000 ordinary share capital of Minnie Co for $300,000 on
1 January 20X9 when the retained earnings of Minnie Co were $156,000. At the date of acquisition the fair value of plant held by Minnie Co was $20,000 higher than its carrying amount. The fair value of the non-controlling interest at the date of acquisition was $75,000.
What is the goodwill arising on the acquisition of Minnie Co?
??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ? ?$
Fair value of consideration Plus fair value of NCI at acquisition??????????????????????????????????????????????? ?300,000
Less net acquisition-date fair value of identifiable assets acquired and liabilities assumed:???????75,000
Share capital?????????????????????????????????????????????????????????????????????????????????????????????156,000
Retained earnings at acquisition????????????????????????????????????????????????????????????? 100,000
Fair value adjustment at acquisition????????????????????????????????????????????????????????? ?20,000
Goodwill?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ?276,000
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? 99,000
多做幾道
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful
representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error
Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy
Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for
Financial Reporting?
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