Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q3 Nirmal Company purchased 65% of the outstanding shares of Intex Company by paying 135,000 EUR. Intex's net assets had a fair value of 160,000

image text in transcribed

Q3

Nirmal Company purchased 65% of the outstanding shares of Intex Company by paying 135,000 EUR. Intex's net assets had a fair value of 160,000 EUR. The fair value of non- controlling interest was calculated as 70,000 EUR Which of the following is the goodwill according to full goodwill method of IFRS 3? Select one: a. 65,000 b. 24,000 c. 25,000 d. 45,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information System Audit How To Control The Digital Disruption

Authors: Philippe Peret

1st Edition

1032136162, 978-1032136165

More Books

Students also viewed these Accounting questions

Question

Explain the concept of scalability

Answered: 1 week ago