Growl Ltd acquires all the issued capital of Tiger Ltd for a cash payment of $5,000,000 on 30 June 2005.The balance sheet of Tiger Ltd at purchase date is: The fair value of the net assets at the date of purchase was $4,200,000.What amount of goodwill or excess would be recorded in the consolidated statements at the date of purchase?

Question

Growl Ltd acquires all the issued capital of Tiger Ltd for a cash payment of $5,000,000 on 30 June 2005.The balance sheet of Tiger Ltd at purchase date is:  The fair value of the net assets at the date of purchase was $4,200,000.What amount of goodwill or excess would be recorded in the consolidated statements at the date of purchase?

Quizplus · Accepted Answer

The Answer of Growl Ltd acquires all the issued capital of Tiger Ltd for a cash payment of $5,000,000 on 30 June 2005.The balance sheet of Tiger Ltd at purchase date is:  The fair value of the net assets at the date of purchase was $4,200,000.What amount of goodwill or excess would be recorded in the consolidated statements at the date of purchase?

Growl Ltd Acquires All the Issued Capital of Tiger Ltd