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Good will on consolidation Good will on consolidation arises when the purchase consideration paid by the holding company is different from the value of the net assets acquired in the subsidiary company.If purchase consideration is more than net assets acquired, then the difference is positive goodwill and if purchase considered is less than net assets acquired, then the difference is negative goodwill.Goodwill will thus be computed in the following two ways:
Method 1
£
Cost of investment in subsidiary
xx
less:
Ordinary share capital of subsidiary
x
Capital reserves or date of acquisition
Revenue reserves (retained profits) on date of acquisition
Shareholders funds on date of acquisition
Holding company shares acquired
(x)
GOODWILL POSITIVE/NEGATIVE
Less: share of net assets acquired (on date of acquisition)
xx/(xx)
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During FY 2014, the voters of Surprise County approved construction of a $21 million police facility and an $11 million fire station to accommodate the county's population growth.
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