Homework Answers
I Can help u how find and allocate goodwill.
Goodwill = consideration paid + fair value of non controlling interest value - fair value of net identifiable asset
- fair value of consideration paid = $500,000
- fair value of non controlling interest value = $ 250,000
- fair value of net identifiable asset = $ 280,000+ $ 200,000+$ 30,000 = $ 510,000.
Goodwill = ($500,000+ $ 250,000) -$ 510,000
= $ 240,000.
Allocate goodwill in the ratio of 75 :25
Zach (parent company ) = $ 240,000 * 75% = $ 180,000.
Subsidiary company = $ 240,000 *.25% = $ 60,000.
Rest of questions i could not able to answer , i beg your pardon dear student .hope above will help little bit ..
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