Alpha Co acquired 80% of all the share capital of Beta Co on 1 January. The consideration given was $309,300. On 1 January the fair value of Beta Co's net tangibles asset was $600,000 and the fair value of the non-controlling interest was $315,000.
At 31 December the fair value of the net tangible assets of Beta Co are $900,000.
What is th goodwill arising from consolidation?
Suggested solutions:
| $ | |
| Investment | 309,300 |
| NCI fair value | 315,000 |
| Less Net assets taken over | (600,000) |
| Goodwill | 24,300 |
To do the same topic again in ACCA F3 consolidated goodwill 5