Solution-How much is the amount of goodwill from

How much is the amount of goodwill from consolidation

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Reference no: EM133105830

Question - The statement of Financial position of P Company and S Company prior to business combination are presented below:

	January 1, 2011
	P Company	S Company
Cash	9,000	300
Inventory - at approx. FV	6,000	600
Fixed assets (net)	15,000	2,100*
Total assets	30,000	3,000
Current liabilities	1,800	300
Common stock,P1 par value	3,000	300
APIC	9,000	600
Retained earnings	16,200	1,800
Total liabilities and SHE	30,000	3,000
*FV at Jan 1 is P4,500.

Required - If on January 1, 2011, P Co acquires 100% of the common stock of S Company paying 6,000 cash. How much is the amount of goodwill from consolidation?

Reference no: EM133105830

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How much is the amount of goodwill from consolidation : If on January 1, 2011, P Co acquires 100% of the common stock of S Company paying 6,000 cash. How much is the amount of goodwill from consolidation

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How much is the amount of goodwill from consolidation

Reference no: EM133105830

Reference no: EM133105830

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