Calculation of good will total shareholders'' equity of lit

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Reference no: EM1312432

Calculation of good will.

Total Shareholders' Equity of Little

$330,000

Investment made by Big

80%

Book Value of Acquisition

$264,000

Amount paid to acquire 80%

$345,000

Excess Acquisition Price

$81,000

Less: Amount to be allocated to Buildings

$20,000

 

Reference no: EM1312432

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