Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. manchester has 10 million $1 issued ordinary share

Manchester has 10 million $1 issued ordinary shares. At 1 May 20X9 Bristol purchased 70%...

80.2K

Verified Solution

Question

Accounting

Manchester has 10 million $1 issued ordinary shares. At 1 May 20X9 Bristol purchased 70% of manchester's $1 ordinary shares for $8000000. At that date, Manchester had net assets with a fair value of 8750000 and its share price was $1.20. The non-controlling interest is values using the share price at the date of acquisition. What was the total goodwill arising on acquisition at 1 may 20X9

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Question 1 a. cos ? =-24/25, ? in quadrant 3, find sin ? b. sin ?=12/13, ?...

Basic Math
Q

  Solve both ways: a) y" -2y' + y = e^2x b) Solve only by variation of parameters b)...

Advance Math
Q

57 randomly selected students were asked the number of pairs of shoes they have. Let X...

Basic Math
Q

The table below shows the population and I America by land area Country Population Area...

Geometry
Q

Simplify and write the trigonometric expression as a single trig function sin x cotx cos...

Geometry
Q

At the state senate, 78% of senators voted to support a bill.Assuming every senator voted...

Basic Math
Q

Consider the unit circle Which of the following angle measures are in the third quadrant...

Algebra
Q

4 6 REVIEW REVIEW Simplify each difference 2 3n 6 3n 4n 7 7n A...

Algebra
Q

Thomas Company is considering two mutually exclusive projects. The firm, which has a cost of...

Accounting
Q

Daisy, a clerk at a Games and More store, takes a video game player and...

Accounting
Q

Question Completion Status QUESTION 1 Assume that you have to choose between a perpetuity paying...

Finance
Q

Byk halanz size emanet eklinde bir miras brakt. Gven anlamas, hemen balayarak ve elli yl...

Finance