Summer acquired 70% of the ordinary shares of Winter for €200,000 on 31 December 20X3 when the net assets of Winter were €220,000 The goodwill arising on the acquisition of Winter is: Select one: O a. €20,000 positive O b. €46,000 positive
Summer acquired 70% of the ordinary shares of Winter for €200,000 on 31 December 20X3 when the net assets of Winter were €220,000 The goodwill arising on the acquisition of Winter is: Select one: O a. €20,000 positive O b. €46,000 positive
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which answer is correct
Transcribed Image Text:Summer acquired 70% of the ordinary shares of Winter for €200,000 on 31 December 20X3 when the net assets
lof Winter were €220,000
The goodwill arising on the acquisition of Winteris:
Selectone
E20,000 positive
b€46,000 positive
O c €46,000 negative
Od. E20,000 negatlve
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