Scribd
Upload
64 views1 page

Goodwill Calculation and Asset Breakdown

This document summarizes an acquisition. The acquiring company paid $1.75 million for consideration and recognized $740,000 of goodwill. It then eliminated its investment by reducing share capital by $500,000, retained earnings by $500,000, and recognizing the acquired assets and liabilities, including $740,000 of goodwill.

Uploaded by

Annisa Nabila Kanti
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
64 views1 page

Goodwill Calculation and Asset Breakdown

This document summarizes an acquisition. The acquiring company paid $1.75 million for consideration and recognized $740,000 of goodwill. It then eliminated its investment by reducing share capital by $500,000, retained earnings by $500,000, and recognizing the acquired assets and liabilities, including $740,000 of goodwill.

Uploaded by

Annisa Nabila Kanti
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 1

GOODWILL

Consideeration Paid 1750000


FV NCI 150000
1900000
Identified net asset 3200000
DTL -40000
Net asset 1160000
Goodwill 740000

ELIMINATION OF INVESTMENT
Share Capital 500000
Retained Earnings 500000
Equipment 50000
Building 200000
Goodwill 740000
Investment 1750000
Patent 50000
NCI 150000
DTL 40000

You might also like