Fairvalue of Sibb = 1,440,000 + 310,000 = 1,750,000
Fairvalue os Sibb's net asset = 1,080,000 + 290,000 = 1,370,000
위 두 금액의 차이가 Goodwill 이 됩니다.(380,000)
FARE p.94 #5 Error
The question says Pappy, Corp. acquired 80% of the outstanding c/s of Sibb Co. for $1,440,000 for cash. The fair value of the noncontrolling interest was determined to be $310,000.
To find out the FV of the consideration, we added up the two given values, $1,440,000 (80%) + NCI (20%) 310,000, that gives $1,750,000.
Error: 80% of 1,750,00 equals 1,400,000 not 1,440,000 and 20% of it is $350,000 not 310,000; $1,440,000 is about 82% of $1,750,000.
I know the concept. I just let you know the error.
Where did this question come from? BISK?
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