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On 31 December 20x8, A Ltd paid $2,200,000 to acquire 80% of B Ltd when B Ltds net assets were represented by share capital of

On 31 December 20x8, A Ltd paid $2,200,000 to acquire 80% of B Ltd when B Ltds net assets were represented by share capital of $1,000,000 and retained profit of $1,000,000. On this date, both A Ltd and B Ltd had an unrecognized brand-name that was deemed to have a market value of $500,000 each. In A Ltds 20x8 consolidated financial statements:

Goodwill on consolidation = $....................................................................

Non-controlling interest = $........................................................................

Brand-name = $..........................................................................................

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