Find what amount will be shown in the consolidated statement

Assignment Help Accounting Basics
Reference no: EM132697805

William Company acquires 70 per cent of Bill Company for a cash price of $10,000,000 when the share capital and reserves of Bill Company are:

Share capital $8,000,000
Retained earnings $2,000,000
TOTAL $10,000,000

Problem (a) What amount will be shown in the consolidated statement of financial position for goodwill pursuant to AASB 3 assuming that any non-controlling interest in the acquirer is measured at fair value?

Problem (b) What amount will be shown in the consolidated statement of financial position for goodwill pursuant to AASB 3, assuming that any non-controlling interest in the acquirer is measured at the non-controlling interest's proportionate share of the acquiree's identifiable net assets?

Problem (c) What are some of the implications of allowing the group to have two options in accounting for goodwill on consolidation?

Reference no: EM132697805

Questions Cloud

Physical security- hardening methods of entry control : Describe and explain some of the hardening methods of entry control. What are protective barriers, and what should they entail?
Draw about valuation and allocation of ppe from information : Using your firm's sampling technique, you have selected representative sample of Property. Draw about 'valuation and allocation' of PPE from the information
How you will protecting human subjects in research : This week you will examine the concept of protecting human subjects in research. The aim is to familiarize you with the ethical issues associated with research.
What is the value of the arrays pattern : Determine the magnitude of the Phase Shift angle in degrees 1,006 m away and broadside to the receiving antenna and What is the value of the arrays pattern
Find what amount will be shown in the consolidated statement : Find What amount will be shown in the consolidated statement of financial position for goodwill pursuant to AASB 3 assuming that any non-controlling interest
Calculate the net gst payable : Identify under which classification the transactions are to be included in the BAS statement. Paid its external suppliers $11,000 (GST inclusive)
Explain the ethical considerations in health care : Students are required to submit weekly reflective narratives throughout the course that will culminate in a final, course-long reflective journal due in Topic.
Create object relationship diagram : The library staff at Oakwood Community College works hard to satisfy students and facult. Create object relationship diagram that provides overview of system
Has social media created the global village : Has social media created the Global village? Discuss the opportunities and challenges that Social Media presents.Explain in detail and provide the example.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd