Mocy Co acquired a subsidiary on 1 January 20X9 for X1million. The fair value of the net assets of the subsidiary acquired were X2 million. Mocy Co acquired 80% of the shares of the subsidiary.

The non controlling interest was fair valued at X3 million.

Required:

1/Give necessary information in X1, X2, X3 (randomly pick numbers)

2/Calculate goodwill based on the partial and full goodwill methods under IFRS 3 (including comments on these two methods)

Mocy Co acquired a subsidiary on 1 January 20X9 for X1 million. The fair value of the net assets of the subsidiary acquired were X2 million. Mocy Co acquired 80% of the shares of the subsidiary. The non controlling interest was fair valued at X3 million. Required: 1/Give necessary information in X1, X2, X3 2/Calculate goodwill based on the partial and full goodwill methods under IFRS 3 (including comments on these two methods)