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Preparing the consolidated statement

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Jan 1, 2019 AB co. purchased 70% of BC corp. AB agreed to pay $ 144,000 cash and agrees to pay another $ 50,000 in two years if sales continuing at the same level. The present value of this future commitment as of today Jan 1, 2019 measured correctly amount of $20,000

Question 1: How do account for the future commitment when trying to determine goodwill value and when preparing the consolidated statement

Reference no: EM132463234

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Preparing the consolidated statement : How do account for the future commitment when trying to determine goodwill value and when preparing the consolidated statement
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