Question
On October 1, 2019 Ala'a Cor acquired 40% of ownership of Fadi Corfor $300,000 . At the date of acquisition, the book value of Fadi's
On October 1, 2019 Ala'a Cor acquired 40% of ownership of Fadi Corfor \$300,000 . At the date of acquisition, the book value of Fadi's net assets were \$600,000 The book value of Fadi's net assets equal the fair value except for inventory with a fair value of \$80,000 and book value of \$60,000 . On the basis of this information , what amount of Goodwill will be reported?
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
