This is ACCA Question . Bob acquired 80% of the voting equity shares of Bi Bi...

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Bob acquired 80% of the voting equity shares of Bi Bi had the following equity at the date of acquisition 1,000,000 Ordinary

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Answer 1

Answer #1

$60,000

Calculation of Goodwill

Cost	$1,500,000
Non-Controlling Interest	$360,000
Shares	($1,000,000)
Retained Earnings	($800,000)
Goodwill	$60,000

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Answer 2

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