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How much is amount of goodwill under gross up value basis

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Question - On June 1, 2020, Pan Company acquired 80% (800,000 shares) of San Company for 8,400,000. A control premium of 400,000 in included in the consideration paid by Pan. The carrying value and fair value of net assets of San amounted to 8,000,000 and 9,500,000, respectively.

1. How much is the amount of goodwill under proportionate share basis or partial goodwill?

a. 800,000 c. 1,000,000

b. 900,000 d. 2,400,000

2. How much is the amount of goodwill under fair value or full goodwill?

a. 800,000 c. 900,000

b. 850,000 d. 1,000,000

3. Assume that the fair value NCI is assessed at 1,950,000, how much is the amount of goodwill under gross up value basis?

a. 800,000 c. 900,000

b. 850,000 d. 1,000,000

Reference no: EM132973303

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