Question 3 (Goodwill) XYZ Luxury Glasses company acquired 66% of interest in Grand Optical Company. The value of the purchase paid to the Grand Optical was $6038 Million. The fair value of the Grand Optical (Assets and Liabilities) as showed in the Balance sheet as follows: ( All amounts in Millions) Current assets 1802 Brands 4730 Other non current assets 128 Current liabilities Non current Liabilities 638 1484 The remaining 34% interest in Grand Optical was $237.2 Million as common share of Grand Optical The price of these shares was $24.5 Required: Under IFRS 3 XYZ Luxury Glasses applied proportionate share method to account for its acquisition of Grand Optical, how much non controlling interest goodwill did XYZ recognize in the Grand Optical acquisition? 5