Bob acquired 80% of the voting equity shares of Bil Bil had the following equity at the date of acquisitionOrdinary shares $1Retained earningsYour currently accepted answer:1,000,000800,0001,800,000The cost of the investment was $1,500,000 and the fair value of the non-controlling interest at acquisition was $360,000What was the goodwill on acquisition of Bill?

The intangible traits and competitive advantages that make a firm more valuable than the sum of its…

Answered: Ordinary shares $1 Retained eamings…

Business

Accounting

Ordinary shares $1 Retained eamings 1,000,000 800,000 1 800 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Bob acquired 80% of the voting equity shares of Bil Bil had the following equity at the date of acquisition
Ordinary shares $1
Retained earnings
Your currently accepted answer:
1,000,000
800,000
1,800,000
The cost of the investment was $1,500,000 and the fair value of the non-controlling interest at acquisition was $360,000
What was the goodwill on acquisition of Bill?

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