Question
Company X acquired 75% of the share capital of Company Y on 1 December The consideration is $1,000,000 and 300,000 $1 ordinary shares of company
Company X acquired 75% of the share capital of Company Y on 1 December
The consideration is $1,000,000 and 300,000 $1 ordinary shares of company X. The Market value of each of company X shares on 1 Dec is $3.
On 1 Dec, Fair value of company Y net assets is $1,000,000
According to IFRS3, what is the amount of goodwill acquired in the business combination to be dealt with company X consolidated account?
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
