The balance sheet of two companies, A and B, at 31 December 1984, was as follows: A
Question:
The balance sheet of two companies, A and B, at 31 December 1984, was as follows:
A had acquired 90 per cent of the equity of Β on 31 December 1984.
Required:
(a) Calculate the goodwill on acquisition.
(b) What is the value of the minority interest?
(c) Prepare the consolidated balance sheet.
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