Goodwill impairment in consolidating journal entries

Assignment Help Accounting Basics

Reference no: EM1356031

Cost of shares in S Ltd 2,100,000

Group's interest in the net assets of S Ltd

Share captial 2,000,000

Reserves 1,000,000

Net assets 3,000,000

60% thereof (1,800,000)

Goodwill on acquisition 300,000

Monority interest ($3,000,000 x 40%) (1,200,000)

Prepare the related consolidated journal entries if 30% of the goodwill is to be written off as impairment loss?

Reference no: EM1356031

Questions Cloud

Global business environment-brazil : analyze how these stats may be an issue for the company doing business in Brazil in terms of ethics.

Features of psychosis as compared to normal behavior : What are some features of psychosis compared to normal behavior?

Find the selling price : The Clearwater Aquarium Corporation will produce 66,000 ten gallon aquariums next year. Variable costs are 40% of sales while fixed costs total $133,200.

Global and cross-cutural negotiations : Explain a global or cross-cultural negotiation that you have experienced in you day-to-day life. What variables affected the negotiations?

Goodwill impairment in consolidating journal entries : Prepare the related consolidated journal entries if 30% of the goodwill is to be written off as impairment loss?

Evaluate the performance of your implemented strategies : Evaluation and Control: How do you evaluate the performance of your implemented strategyies and Analysis of Strategic Factors. Since you are aware that your analysis of strategic factors or SFAS.

Compute the stock price change : Company Z stock is trading at $30 per share given that the risk free interest rate is 9 percent and the equilibrium risk premium on the market portfolio is 8 percent.

Defining mood disorders as abnormal : What is the labeling process of defining mood disorders as abnormal?

Explain overriding method : Assuming the class B inherits from class A and method foo belongs to class A, what do we mean by overriding method foo in class B? We are coding another version of method foo in class B

Reviews

Write a Review

Required(*) Message

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!

Submit Assignment

User Account

All Pages