User Account

All Pages

What is the goodwill to be recognised on consolidation

Assignment Help Financial Accounting
Reference no: EM132928139

Problem 1: On 1 July 2019 High Ltd acquired a 100% interest in Low Ltd. At that time Low Ltd had goodwill of $6 000 recorded in its statement of financial position as a result of a previous business combination. The total goodwill arising on High's acquisition of Low was $10 000. The goodwill to be recognised on consolidation as a result of High's acquisition of Low is:

Select one:

Option 1: $4000

Option 2: $16000

Option 3: $10000

Option 4: $6000

Reference no: EM132928139

Questions Cloud

How might hr professionals implement solutions : How might HR professionals implement solutions while using a Grievance procedure? Be sure to define Just Cause and Due Process in your response.
Which adjustments must be included as part of consolidation : A subsidiary entity sold goods to its parent entity. Which adjustments must be included as part of the consolidation entry to eliminate this transaction?
What is the project net present value : An additional $3,000 of net working capital will be required throughout the life of the project. What is the project's net present value
What is the amount of the business combination valuation : The company tax rate was 30%. What is the amount of the business combination valuation reserve that must be recognised on consolidation?
What is the goodwill to be recognised on consolidation : The total goodwill arising on High's acquisition of Low was $10 000. The goodwill to be recognised on consolidation as a result of High's acquisition of Low is
What the nci share of equity at the date of acquisition was : If the company tax rate was 30%, and the partial goodwill method was adopted, the NCI share of equity at the date of acquisition was
Develop expat retirement and financial benefits : -Develop expat's retirement and financial benefits in Japan (consider base and variable pay, benefits, recognition that would sufficiently incentivize a US cand
What is charity breakeven volume in number of discharges : What is Charity's breakeven volume in number of discharges? Charity Hospital, a not-for-profit, has a maximum capacity of 15,000 discharges per year.
What is the payback period for the project of mckenna : The investment will result in additional cash flows of $525,000, $832,500, and $1,230,000 over the next three years. What is the payback period for this project

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd