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How much goodwill is allocated to noncontrolling interest

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Reference no: EM132719103

Question - Shaw owns 80% of Gorman. The following information is available:

Consolidated Goodwill is $325,000.

The fair value of the controlling interest is $700,000.

The fair value of the noncontrolling interest is $225,000.

The fair value of 100% of Gorman net assets acquired is $600,000.

Required - How much Goodwill is allocated to the noncontrolling interest?

a. $480,000

b. $0

c. $105,000

d. $220,000

e. $325,000

Reference no: EM132719103

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