Question
Sunny Co. purchased 80% of Reuben Ltd. for $1,200,000. At the date of acquisition, the carrying value of 100% of Reuben's net identifiable assets was
Sunny Co. purchased 80% of Reuben Ltd. for $1,200,000. At the date of acquisition, the carrying value of 100% of Reuben's net identifiable assets was $800,000, and the fair value was $900,000. What is the amount of the goodwill under the entity method (assuming full fair value method for NCSHI)?
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Microsoft Excel For Accounting The First Course
Authors: L Murphy Smith, Katherine Smith
1st Edition
0130085529, 978-0130085528
