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What is the value of goodwill at acquisition

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Question - At the date of acquisition, the share capital of the subsidiary was GH¢20,000 with a retained earnings figure of GH¢2,000. The non-current assets of the subsidiary were revalued at a surplus of GH¢1000 at the date of acquisition. If the parent company acquired 100% share interest in the subsidiary at GH¢25,000, what is the value of goodwill at acquisition?

Reference no: EM132964594

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