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39) Red Riding Hood Co acquired a 65% share of Wolf Co on 1 January 20X2 for $3,400k. The fair value of the net
39) Red Riding Hood Co acquired a 65% share of Wolf Co on 1 January 20X2 for $3,400k. The fair value of the net assets of Wolf Co on that date was $2,100. The non-controlling interest was fair valued at $900k. Calculate goodwill based on the partial goodwill method under IFRS 3. D. $2,035k
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Intermediate Accounting
Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
8th edition
978-1259997525, 1259997529, 978-1259548185
