If the capital and reserves, including fair valuation gain of a subsidiary, is 5,400 and the parent

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If the capital and reserves, including fair valuation gain of a subsidiary, is £5,400 and the parent acquires the whole of it for £4,000, the difference of £1,400 would be known as:

(a) Goodwill

(b) Gain on acquisition

(c) Badwill

(d) Negative goodwill

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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