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At 1 January 20X6 Steller acquired 75% of the share capital of Nebula for $750,000. At that date the share capital of Nebula consisted
At 1 January 20X6 Steller acquired 75% of the share capital of Nebula for $750,000. At that date the share capital of Nebula consisted of 20,000 ordinary shares of $1 each and its reserves were $10,000. The fair value of the non-controlling interest was valued at $150,000 at 31 December 20X8. In the consolidated statement of financial position of Steller and its subsidiary Nebula at 31 December 20X8, what amount should appear for goodwill?
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To determine the goodwill amount in the consolidated statement of financial position at 31 December ...
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Frank Woods Business Accounting Volume 2
Authors: Frank Wood, Alan Sangster
10th Edition
0273693107, 978-0273693109
