Acquirer Limited purchased 75 per cent of Subby Limited for $45,000.The fair value of identifiable assets was $95,000,and the fair value of liabilities and contingent liabilities amounted to $47,000.According to ED 139,what would be the amount of 'goodwill allocated to non-controlling interests of Subby Limited'?

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The amount of goodwill allocated to non-controlling interests is calculated as follows:Goodwill = Fair value of identifiable assets - Fair value of liabilities and contingent liabilities - Acquisition costGoodwill = $95,000 - $47,000 - $45,000Goodwill = $3,000The amount of goodwill allocated to non-controlling interests is 25% of the total goodwill, which is $3,000.Therefore, the amount of goodwill allocated to non-controlling interests is $3,000.

Acquirer Limited Purchased 75 Per Cent of Subby Limited for $45,000.The