Question
Parent Co. acquires 80% of Subsidiary Co. for
₹16,00,000 when Subsidiary’s net assets are ₹15,00,000. At acquisition, the fair value of minority interest equals its proportionate share of net assets. Calculate goodwill and minority interest.Solution
• MI = 20% × ₹15,00,000 = ₹3,00,000. • Total consideration + MI = ₹16,00,000 + ₹3,00,000 = ₹19,00,000. • Goodwill = 19,00,000 – ₹15,00,000 = ₹4,00,000.
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