May i know how to get the goodwill?
Homework Answers
Goodwill represents anything paid in excess of the market value the company acquired. In simple words goodwill is the difference between "what we give " and " what we get"
| Shares issued in acquisition | 20000 | ||||||
| Market value of each share | 18 | ||||||
| Total Value of shares issued | 360000 | ||||||
| Net assets acquired= Total assets - total liabilities | |||||||
| = (70000+10000+380000)-(50000+90000) | ( additional 10000 has been added to give effect to the increase in fair value) | ||||||
| 320000 | |||||||
| Good will = 360000-320000= 40000 | |||||||
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May i know how to get the goodwill?
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