On 1 January 2018, Offspring and Co Ltd had an issued share capital of 360,000 ordinary 1
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On 1 January 2018, Offspring and Co Ltd had an issued share capital of 360,000 ordinary £1 shares. The balance of retained profit was £36,000 and there was also a general reserve of £28,800. During the year ended 31 December 2018, Offspring and Co Ltd made a profit of £43,200, none of which was distributed. Father Ltd bought 315,000 shares on 1 April 2018 for £432,000. Calculate the figure of goodwill to be shown in the consolidated statement of financial position as at 31 December 2018.
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Related Book For 
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
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