During the current year DTB intended to acquired 80% of Fuji Sdn Bhd (FSB)’s 40,000 ordinary share capital for a consideration of RM3.50 cash per share. The fair value of the non-controlling interest was RM50,000 and the fair value of the net assets acquired was RM145,000. DTB had successfully acquired FSB on 1.1.2022. Calculate the goodwill on acquisition of FSB and show the record in the consolidated financial statements.
During the current year DTB intended to acquired 80% of Fuji Sdn Bhd (FSB)’s 40,000 ordinary share capital for a consideration of RM3.50 cash per share. The fair value of the non-controlling interest was RM50,000 and the fair value of the net assets acquired was RM145,000. DTB had successfully acquired FSB on 1.1.2022. Calculate the goodwill on acquisition of FSB and show the record in the consolidated financial statements.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During the current year DTB intended to acquired 80% of Fuji Sdn Bhd (FSB)’s 40,000 ordinary share capital for a consideration of RM3.50 cash per share. The fair value of the non-controlling interest was RM50,000 and the fair value of the net assets acquired was RM145,000.
DTB had successfully acquired FSB on 1.1.2022. Calculate the
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