During the current year DTB intended to acquired 80% of Fuji Sdn Bhd (FSB)’s 40,000 ordinary share capital for a consideration of RM3.50 cash per share. The fair value of the non-controlling interest was RM50,000 and the fair value of the net assets acquired was RM145,000. DTB had successfully acquired FSB on 1.1.2022. Calculate the goodwill on acquisition of FSB and show the record in the consolidated financial statements.
During the current year DTB intended to acquired 80% of Fuji Sdn Bhd (FSB)’s 40,000 ordinary share capital for a consideration of RM3.50 cash per share. The fair value of the non-controlling interest was RM50,000 and the fair value of the net assets acquired was RM145,000. DTB had successfully acquired FSB on 1.1.2022. Calculate the goodwill on acquisition of FSB and show the record in the consolidated financial statements.
During the current year DTB intended to acquired 80% of Fuji Sdn Bhd (FSB)’s 40,000 ordinary share capital for a consideration of RM3.50 cash per share. The fair value of the non-controlling interest was RM50,000 and the fair value of the net assets acquired was RM145,000. DTB had successfully acquired FSB on 1.1.2022. Calculate the goodwill on acquisition of FSB and show the record in the consolidated financial statements.
During the current year DTB intended to acquired 80% of Fuji Sdn Bhd (FSB)’s 40,000 ordinary share capital for a consideration of RM3.50 cash per share. The fair value of the non-controlling interest was RM50,000 and the fair value of the net assets acquired was RM145,000.
DTB had successfully acquired FSB on 1.1.2022. Calculate the goodwill on acquisition of FSB and show the record in the consolidated financial statements.
Definition Definition Intangible asset that includes proprietary or intellectual property and brand value of a firm. Goodwill is recorded in the books when a firm purchases another firm and the purchase price is more than the fair value of net identifiable assets of the acquired business. The amount of goodwill is recorded on the asset side of the balance sheet (statement of financial position).
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