PC Illustration 1: Determination of goodwill NCZ A Limited acquires 80% of B Limited by paying cash consideration of 120 crore. The fair value non-controlling interest on the date acquisition 30 crore. The value of subsidiary identifiable net assets as per Ind AS 103 is 130 crore. Determine the value of goodwill and pas the journal entry. N

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Illustration 1: Determination of goodwill
PC
A Limited acquires 80% of B Limited by paying cash consideration of 120 crore. The fair value of
non-controlling interest on the date of acquisition is 30 crore. The value of subsidiary's
NCL
identifiable net assets as per Ind AS 103 is 130 crore. Determine the value of goodwill and pass
the journal entry.
NA
Transcribed Image Text:Illustration 1: Determination of goodwill PC A Limited acquires 80% of B Limited by paying cash consideration of 120 crore. The fair value of non-controlling interest on the date of acquisition is 30 crore. The value of subsidiary's NCL identifiable net assets as per Ind AS 103 is 130 crore. Determine the value of goodwill and pass the journal entry. NA
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