Toro obtained a 80% holding in the 100,000 1 shares of Spark on 1 January 2019 when the retained earnings of Spark were 450,000. Consideration comprised 600,000 cash and one share in Toro for each two shares acquired. The market value of shares on 1 January 2019 of Toro and Spark were 5.30 and 3.20 respectively. Spark measures non-controlling interest at fair value. Calculate the amount of goodwill to be shown in the consolidated statement of financial position as at 31st December 2020 by filling in the blanks: Consideration is calculated as the total of cash Blank 1 plus shares Blank 2. The amount of NCI at the acquisition date is Blank 3. Net assets at the acquisition date is Blank 4. Goodwill amount to be presented in the consolidated statement of financial position is Blank 5. Blank 1 Blank 2 Blank 3 Blank 4 Blank 5 Add your answer Add your answer Add your answer Add your answer Add your answer