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Gino Plc purchased 80% of Nino's Plc 2 million 1 shares on 1st January 2020. Consideration comprised of 2.000.000 cash at the acquisition date and

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Gino Plc purchased 80% of Nino's Plc 2 million 1 shares on 1st January 2020. Consideration comprised of 2.000.000 cash at the acquisition date and E 1.500,000 of cash payable on 1st January 2022. Part of consideration was also 2 shares in Gino Plc for every 5 shares purchased in Nino Plc. The market value of Gino's and Nino's shares as at 1st January 2020 were 3 and 2 respectively, The fair value of Nino's net assets as at 1st January 2020 was 4,300,000, and the non-controlling interest in Nino was measured a fair value. Gino Pic has a cost of capital of 104. DF 0.826. Calculate the amount of goodwill to be shown in the statement of financial position as at 31st December 2020 by filling in the blanks Consideration is calculated as the total of cash Blank 1 plus deferred cash f. Blank 2 plus shares E Blank 3 The amount of NC at the acquisition date is Blank 4 Net assets at the acquisition date is E Blanks goodwill amount to be presented in the consolidated statement of financial position is E Blank 6 Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your we Blank 4 Add your answer Blanks Add your own Blank 6 Add you

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