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Earth Ltd Acquired Moon Ltd on 1 July 2009 for the Sum

Question 23

Multiple Choice

Earth Ltd acquired Moon Ltd on 1 July 2009 for the sum of $100,000.On the same date Moon Ltd has the following assets and liabilities: Earth Ltd acquired Moon Ltd on 1 July 2009 for the sum of $100,000.On the same date Moon Ltd has the following assets and liabilities: What is the value of goodwill,if any? A) Not required to recognise goodwill. B) $35,000 C) $75,000 D) Surplus of $5,000 E) None of the given answers. What is the value of goodwill,if any?


A) Not required to recognise goodwill.
B) $35,000
C) $75,000
D) Surplus of $5,000
E) None of the given answers.

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