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Compute for the fair value of the non-controlling interest

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Reference no: EM132844183

On January 1, 2016, Yurea Co. acquired 90% of the ordinary shares outstanding of Shania Co..for P500,000 (excluding control premium of P100,000). The fair value of the net assets of Shania Co. is at P200,000.

Problem 1. Compute for the fair value of the Non-Controlling Interest.

Problem 2. Compute for the amount of Goodwill in the Consolidated Financial Statements.

Reference no: EM132844183

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