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PART (7 MARKS) 1. Explain the IFRS requirement for the treatment of :- a. Negative goodwill(1.5 marks) b. Subsidiarys goodwill(1.5 marks) 2. Calculate under the

PART (7 MARKS)

1. Explain the IFRS requirement for the treatment of :-

a. Negative goodwill(1.5 marks)

b. Subsidiarys goodwill(1.5 marks)

2. Calculate under the NET IDENTIFIABLE METHOD, the following items for the consolidated balance sheet at December 31^st. 2021:-

a. Goodwill (2 marks)

b. Equipment2 marks)

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