Crash acquired 70% of Hadsa's 100,000 Rs.1 ordinary shares for Rs.800,000 when the retained earnings of Hadsa were Rs.570,000 and the balance in its revaluation surplus was Rs.150,000. Hadsa also has an internally developed customer list which has been independently valued at Rs.90,000. The non-controlling interest in Hadsa was judged to have a fair value of Rs.220,000 at the date of acquisition. What was the goodwill arising on acquisition?
Crash acquired 70% of Hadsa's 100,000 Rs.1 ordinary shares for Rs.800,000 when the retained earnings of Hadsa were Rs.570,000 and the balance in its revaluation surplus was Rs.150,000. Hadsa also has an internally developed customer list which has been independently valued at Rs.90,000. The non-controlling interest in Hadsa was judged to have a fair value of Rs.220,000 at the date of acquisition. What was the goodwill arising on acquisition?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Crash acquired 70% of Hadsa's 100,000 Rs.1 ordinary shares for Rs.800,000 when the
What was the
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