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Question 4 30 Points Gino Pk purchased 50% of Ninos Plc 2 million E1 shares on 1st January 2020. Consideration comprised of 2,000,000 cash at
Question 4 30 Points Gino Pk purchased 50% of Ninos Plc 2 million E1 shares on 1st January 2020. Consideration comprised of 2,000,000 cash at the acquisition date and 1.500.000 of cash payable on 1st January 2022. Part of consideration was also 2 shares in Gino Pic for every 5 shares purchased in Nino Plc. The market value of Gino's and Nino's shares as at 1st January 2020 were 13 and 2 respectively The fair value of Nino's net assets as at 1st January 2020 was 64.300,000, and the non-controlling interest in Nino was measured a fair value. Gino Pc has a cost of capital of 106 DF0.826 Calculate the amount of goodwill to be shown in the statement of financial position as at 31 December 2020 by firing in the banks Consideration is calculated as the total of cash E Blank 1 plus deferred cash Blank 2 plus shares Blank The amount of NC at the acquisition date is E Blank 4. Net assets at the acquisition date is Blank 5. Goodwill amount to be presented in the consolidated statement of financial position is E Blank Bank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Blank 4 Add your awer Blank 5 Add your Blank & Add your
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