Jabba Ltd acquired a 70 per cent interest in Han Ltd on 30 June 2012 for $2,000,000. On the same date, Han Ltd acquired a 60 per cent interest in Leia Ltd for a cash consideration of $1,600,000. The purchase price represents the fair value of consideration transferred for both investments
The share capital and retained earnings at the date of acquisition are as follows:
What is the non-controlling interest in Han Ltd and Leai Ltd, respectively on the date of acquisition using the partial goodwill method (round to the nearest dollar) ?
A) $780,000; $960,000;
B) $857,143; $1,066,667;
C) $1,820,000; $1,440,000
D) $2,000,000; $1,600,000;
E) $2,857,143; $2,666,667.
Correct Answer:
Verified
Q28: The following is an extract from the
Q29: Jabba Ltd acquired a 70 per cent
Q30: Which of the following statements are incorrect?
A)
Q31: The following is an extract from the
Q32: The following is an extract from the
Q33: Pudding Ltd acquired a 90 per cent
Q34: The following diagram represents the ownership of
Q36: The following acquisition analysis relates to a
Q37: The following diagram represents the ownership of
Q38: The following is an extract from the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents