Question
On DEC 31 year 1, Parent Company (PC) acquired 100% of Subsidiary Company's (SA's) shares for $450. On the date of acquisition, SA's equity is
On DEC 31 year 1, Parent Company (PC) acquired 100% of Subsidiary Company's (SA's) shares for $450. On the date of acquisition, SA's equity is $160 on the balance sheet.
Additional information regarding SA shows that SA has developed a brand name whose fair value is estimated at $250 on the date of acqisition.
What is the value of goodwill to be recognized on the consolidated balance sheet?
- $40
- $200
- $290
- $30
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Practical Guide To Auditing SAP Systems
Authors: Martin Metz, Sebastian Mayer
1st Edition
3960126409, 978-3960126409
