Question
Shaw owns 80% of Gorman. The following information is available: Consolidated Goodwill is $325,000. The fair value of the controlling interest is $700,000 The fair
Shaw owns 80% of Gorman. The following information is available:
Consolidated Goodwill is $325,000.
The fair value of the controlling interest is $700,000
The fair value of the noncontrolling interest is $225,000
The fair value of 100% of Gorman net assets acquired is $600,000
How much Goodwill is allocated to the noncontrolling interest
$480,000
$0
$105,000
$220,000
$325,000
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Accounting Tools for business decision making
Authors: kimmel, weygandt, kieso
4th Edition
978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461
