(1) Goodwill Calculation: Goodwill is the excess of the purchase consideration transferred over the fair value of the identifiable net assets acquired. Goodwill Purchase Consideration - Fair Value of Identifiable Net Assets Purchase Consideration = Fair value of Black's investment + Fair value of non- controlling interest Purchase Consideration (21,000,000+21,000) +11,800,000 Identifiable Net Assets (40,000 +3,890 +6,280 +2,570) (2,480 + 10,000) Goodwill= (21,021,000) +11,800,000-(52,740) Goodwill = 32,768, 260-52,740 Goodwill = 32,715, 520 Explanation: Goodwill arising on the acquisition of white is RM 32,715,520 Can you do it in a debit credit format?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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(1) Goodwill Calculation: Goodwill is the excess of the purchase consideration transferred over the fair value of the identifiable net assets acquired. Goodwill = Purchase Consideration - Fair Value of
Identifiable Net Assets Purchase Consideration = Fair value of Black's investment + Fair value of non- controlling interest Purchase Consideration (21,000,000 + 21,000) + 11,800,000 Identifiable
Net Assets = (40,000 + 3,890 +6,280 +2,570) (2,480 + 10,000) Goodwill (21,021,000) + 11,800,000-(52,740) Goodwill = 32,768, 260-52,740 Goodwill = 32,715, 520 Explanation:
Goodwill arising on the acquisition of white is RM 32, 715,520 Can you do it in a debit credit format?
Transcribed Image Text:(1) Goodwill Calculation: Goodwill is the excess of the purchase consideration transferred over the fair value of the identifiable net assets acquired. Goodwill = Purchase Consideration - Fair Value of Identifiable Net Assets Purchase Consideration = Fair value of Black's investment + Fair value of non- controlling interest Purchase Consideration (21,000,000 + 21,000) + 11,800,000 Identifiable Net Assets = (40,000 + 3,890 +6,280 +2,570) (2,480 + 10,000) Goodwill (21,021,000) + 11,800,000-(52,740) Goodwill = 32,768, 260-52,740 Goodwill = 32,715, 520 Explanation: Goodwill arising on the acquisition of white is RM 32, 715,520 Can you do it in a debit credit format?
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