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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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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
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