Homework Help is Here – Start Your Trial Now!
Business
Accounting
Unity Ltd acquired 100% of the issued shares of Vista Ltd for cash consideration of $250 000. At the date of acquisition, Vista Ltd Had had share capital of $100 000, retained earnings of $60 000 and liabilities of $80 000. There are no fair value adjustments required at the acquisition date. What is the amount of goodwill recognised on consolidation? O a. $10,000 O b. $90,000 OC. $110,000 O d. $150,000

Unity Ltd acquired 100% of the issued shares of Vista Ltd for cash consideration of $250 000. At the date of acquisition, Vista Ltd Had had share capital of $100 000, retained earnings of $60 000 and liabilities of $80 000. There are no fair value adjustments required at the acquisition date. What is the amount of goodwill recognised on consolidation? O a. $10,000 O b. $90,000 OC. $110,000 O d. $150,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Unity Ltd acquired 100% of the issued shares of Vista Ltd for cash consideration of $250 000. At the date of acquisition, Vista Ltd Had had share capital of $100 000, retained earnings of $60 000 and liabilities of $80 000. There are no fair value adjustments required at the acquisition date. What is the amount of goodwill recognised on consolidation? O a $10,000 O b. $90,000 O $110,000 O d. $150,000 Next page
Transcribed Image Text:Unity Ltd acquired 100% of the issued shares of Vista Ltd for cash consideration of $250 000. At the date of acquisition, Vista Ltd Had had share capital of $100 000, retained earnings of $60 000 and liabilities of $80 000. There are no fair value adjustments required at the acquisition date. What is the amount of goodwill recognised on consolidation? O a $10,000 O b. $90,000 O $110,000 O d. $150,000 Next page
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
S Corporations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS