Homework Answers
In this question Naura Company Acquired the all business of Shaikha Company so this the Amalgamtion in the nature of purchase.
Under this purchase method all the assets and liabilities of Shaikha Company are taken over by Naura Company at their fair value of each assets and liabilities on the date of amalgamation.
Please refer the below mentioned image.
*Goodwill amount is an adjusted amount calculated as follows:
Total Liabilities including Purchase Consideration 1460000
Less:Total Assets at their Fair value 1245000
Value of Goodwill 215000
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