Alby Ltd paid $1 800 000 for 80 per cent of the voting shares of Bunter Ltd and evaluated Bunter's assets to be worth $3 000 000 and its liabilities $800 000.What was the goodwill on consolidation at date of acquisition?
A) $40 000
B) $400 000
C) $430 000
D) $360 000

Question

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The Answer of Alby Ltd paid $1 800 000 for 80 per cent of the voting shares of Bunter Ltd and evaluated Bunter's assets to be worth $3 000 000 and its liabilities $800 000.What was the goodwill on consolidation at date of acquisition?
A) $40 000
B) $400 000
C) $430 000
D) $360 000

Alby Ltd Paid $1 800 000 for 80 Per Cent