Question
Dolphin Co acquired an 80% share of Whale Co on 1 April 20X1 for $5m. The fair value of the net assets of Whale Co
Dolphin Co acquired an 80% share of Whale Co on 1 April 20X1 for $5m. The fair value of the net assets of Whale Co on that date were $3m. The non controlling interest was valued at $0.8m, its fair value. Calculate goodwill based on the full goodwill method under IFRS 3.
$2.6m
$2.8m
$2.0m
$2.4m
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Modern Management Control Systems Text And Cases
Authors: Kenneth A. Merchant
1st Edition
0135541557, 978-0135541555
