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How much is the goodwill

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Question - A Co. acquired 80% interest in B Co. for P1,200,000. On acquisition date, B's identifiable assets and liabilities have fair values of P1,700,000 and P400,000, respectively.

a. How much is the goodwill if A Co. opts to measure the noncontrolling interest at the NCI's proportionate share in B Co.'s net identifiable assets?

b. How much is the goodwill if A Co. opts to measure the noncontrolling interest at fair value?

Reference no: EM132947920

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