Page 314 - F1 Integrated Workbook STUDENT 2018
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Chapter 19
Working 3 – Goodwill – Fair value method
(W3) Goodwill
$
Cost of investment X
Fair value of NCI at acquisition (given in question) X
Fair value of net assets acquired (W2) (X)
–––––
Goodwill at acquisition X
Impairment (X)
–––––
Goodwill at the reporting date X
–––––
Key issues
Cost of investment is sometimes on the financial statements if not given
separately.
There may not always be an impairment, read the question carefully.
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