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Happy acquires 80% of the ordinary shares in Sabre in exchange for 1,000 shares in...

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Finance

  1. Happy acquires 80% of the ordinary shares in Sabre in exchange for 1,000 shares in Happy, each worth 10.00. The net assets of Sabre at acquisition are 4,000. The fair value of the Non-Controlling Interest (NCI) is 3,600.

Calculate the goodwill and the Non-Controlling Interest (NCI) using methods 1 and 2 for dealing with Non-Controlling Interest.

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