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Minions Plc acquired 80% of the 1m share capital of Bob Ltd on 1 January 2021 for 1,750,000, when Bob's equity was 1,800,000. At
Minions Plc acquired 80% of the 1m share capital of Bob Ltd on 1 January 2021 for 1,750,000, when Bob's equity was 1,800,000. At the date of acquisition, it was identified that Bob had a brand with a fair value of 100,000. This was not recognised in Bob's Statement of financial position as it was internally generated. The brand is expected to have a remaining life of 5 years. Minions wishes to measure non-controlling interest at acquisition at its fair value of 350,000. What is the goodwill to be recognised in the consolidated statement of financial position at 31 December 2021? a. 200,000 O b. 220,000 c. 230,000 O d. 300,000 e. 580,000 O f. None of the above
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