Question
P Ltd paid $500 million to acquire 90% of S Ltd on 31 December 20x8 when S Ltd's net assets were represented by share capital
P Ltd paid $500 million to acquire 90% of S Ltd on 31 December 20x8 when S Ltd's net assets were represented by share capital of $100 million (comprising 100 million shares) and retained profits of $200 million. At this date, S Ltd had an unrecognized brand that was worth $100 million. S Ltd's shares were traded at a market value of $4.50 per share. The group policy was to measure its non-controlling interest based on its acquisition-date fair value. The "Brand", "Goodwill" and "Non-controlling interest" in the consolidated statement of financial position as at 31 December 20x8 should be respectively:
- $100 million, $140 million and $45 million.
- $90 million, $145 million and $30 million.
- None of the listed choices.
- $100 million, $145 million and $45 million.
- $Nil million, $140 million and $30 million.
Which option is it?
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