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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

FINANCIAL ACCOUNTING
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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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
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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