Question
On 1/1/2013, the Arab Creatives Company for the manufacture of carpets and rugs purchased 80% of the shares of Al-Izdihar Cardboard Factory at a cost
On 1/1/2013, the Arab Creatives Company for the manufacture of carpets and rugs purchased 80% of the shares of Al-Izdihar Cardboard Factory at a cost of 200,000 dinars. The net fair value of the assets of the Al-Izdihar Cardboard Factory upon purchase was 180,000 dinars.
In light of the above, answer the following:
* What is the amount of goodwill resulting from the investment, which will appear in the consolidated budget immediately after the acquisition, assuming that the Arab Creators Company for the manufacture of carpets and rugs follows the method of acquisition to prove the investment in the subsidiary company, Al-Izdihar Cardboard Factory, and the method of partially showing the goodwill. (3 marks(
* What is the amount of goodwill resulting from the investment that will appear on the consolidated balance sheet immediately after the acquisition, assuming that Arab Creators Company for the manufacture of carpets and rugs uses the acquisition method to prove the investment in the subsidiary company, Al-Izdihar Carton Factory, and the method of showing the goodwill entirely (3 marks (
What is the amount of non-controlling rights that will appear on the consolidated balance sheet immediately after the acquisition, assuming that the Arab Creators Company uses the method of partially showing goodwill (3 marks (
* What is the amount of non-controlling rights that will appear in the consolidated balance sheet immediately after the acquisition, assuming that the Arab Creators Company for the manufacture of carpets and rugs follows the method of fully demonstrating goodwill? (3 marks
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