Shaw owns 80% of Gorman. The following information is available: Consolidated Goodwill is $325,000.  The fair value of the controlling interest is $700,000 The fair value of the noncontrolling interest is $225,000 The fair value of 100% of Gorman net assets acquired is $600,000 How much Goodwill is allocated to the noncontrolling interest

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Shaw owns 80% of Gorman. The following information is available:

Consolidated Goodwill is $325,000. 

The fair value of the controlling interest is $700,000

The fair value of the noncontrolling interest is $225,000

The fair value of 100% of Gorman net assets acquired is $600,000

How much Goodwill is allocated to the noncontrolling interest

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