Z Ltd purchased 60 000 shares of B Ltd for $96 500. B Ltd had...
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Z Ltd purchased 60 000 shares of B Ltd for $96 500. B Ltd had a total of 75 000 shares. Z Ltd measures the non-controlling interest as a proportion of fair value of net assets of B Ltd. What is the goodwill that will appear in the consolidated financial statements of Z Ltd given that the fair value of net assets of B Ltd was $91 245 at the date of acquisition?
A) $10 500
B) $27 600
C) $29 380
D) None of the above
Z Ltd purchased 60 000 shares of B Ltd for $96 500. B Ltd had a total of 75 000 shares. Z Ltd measures the non-controlling interest as a proportion of fair value of net assets of B Ltd. What is the goodwill that will appear in the consolidated financial statements of Z Ltd given that the fair value of net assets of B Ltd was $91 245 at the date of acquisition?
A) $10 500
B) $27 600
C) $29 380
D) None of the above
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