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Determine the non-controlling interest

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Reference no: EM132739831

Problem - Fair Value of NCI and the Acquiree (subsidiary) Is not given

Company Z acquires 80% of Company Y for 10M, carrying value of Company Y net assets at time of acquisition being 6,000,000 and fair value of these net identifiable assets being 8,000,000.

Required -

1. Determine the goodwill arising on consolidation is to be valued on the proportionate basis or partial goodwill.

2. Determine the non-Controlling Interest arising on consolidation is to be valued on the proportionate basis or partial goodwill.

3. Determine the goodwill arising on consolidation is to be valued on the full (fair value) basis or full/gross-up goodwill.

4. Determine the non-Controlling Interest arising on consolidation is to be valued on the full (fair value) basis or full/gross-up goodwill.

Reference no: EM132739831

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