Compute total goodwill in relation to this business amounts

Assignment Help Accounting Basics
Reference no: EM132565080

Question - company accounting topic - consolidation NCI

Jack Limited acquired 80% of the share capital and reserves of Jill Limited for $300 000. Share capital was $200 000 and reserves amounted to $100 000. All assets and liabilities were recorded at fair value except buildings which was recorded at $20 000 below fair value. The fair value of the NCI at the date of Jack's acquisition was $70 000 and the full goodwill method is adopted by the group. If the company tax rate was 30%, compute the total goodwill in relation to this business combination amounts?

1) $44 800.

2) $48 800.

3) $11 200.

4) $56 000.

Reference no: EM132565080

Questions Cloud

How to determine cost of ending work in process inventory : How to Determine the cost of the units transferred to the next department. Determine the cost of ending work in process inventory.
Explain in detail how plants are able to grow : Explain in detail how plants are able to grow in and extract water out of salty soils
How should this account be adjusted : How should this account be adjusted and what other account is adjusted on January 31 before financial statements are prepared for the current month
Why is atp used to store the energy derived : Why is ATP used to store the energy derived from cellular respiration and photosynthesis?
Compute total goodwill in relation to this business amounts : If the company tax rate was 30%, compute the total goodwill in relation to this business combination amounts
Exergonic reactions to become endergonic reactions : How does ATP power cellular work by coupling exergonic reactions to become endergonic reactions? Give an example.
How to compute the company predetermined overhead rate : How to Compute the company's predetermined overhead rate for the year and the amount of underapplied or overapplied overhead for the year.
What are the genotypes and phenotypes of individuals : If person C reproduced with a woman that was homozygous dominant for the disease X allele, what is the probability that their children
How to prepare an income statement in good form for april : How to Prepare a Schedule of Cost of Goods Manufactured in good form for April. Prepare an Income Statement in good form for April.

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