Compute the amounts of goodwill and noncontrolling interest

Reference no: EM131410843

Maxwell Industries paid $18 per share for 80 percent of the 10,000 outstanding shares of Kendall Hall. The balance sheet of Kendall Hall and additional market value information follow.

a. Compute the amounts of goodwill and noncontrolling interest recognized by Maxwell.

b. Compute goodwill and noncontrolling interest assuming that Maxwell uses IFRS and chooses the accounting treatment that assumes that the minority shareholders have no equity interest in the goodwill.

c. Where on the balance sheet would noncontrolling interest be disclosed?

Reference no: EM131410843

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