Question
on 1 July 2020,DDF Ltd purchasd the Qinghua Ltd for the consideration of: Cash$250000 Landthe carrying amount of the land was $150000; fair value was
on 1 July 2020,DDF Ltd purchasd the Qinghua Ltd for the consideration of:
Cash$250000
Landthe carrying amount of the land was $150000; fair value was $185000
The statement of financial position of the Qinghua as at the date of acquisition showsassetsof $300000 and liabilities of $85000. Allassetswere fairly valued except for building, which had carrying amount of $60000, but has a fair value of $75000. What is the value of Goodwill?
Select one:
a.A.$90,000
b.D. $170,000
c.A.$185,000
d.A.$15,000
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
