How to determine the amount of goodwill to be recognized

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Reference no: EM133000729

Problem 1: Explain how the use of the equity method affects or impacts the following financial statements of an investment company that acquired 30% of the voting shares of another company:

1. Balance Sheet

2. Income Statement (Income Statemenet)

Problem 2: Explain how to determine the amount of goodwill to be recognized on the acquisition date when there is a 20% non-controlling interest.

Reference no: EM133000729

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