At 1 January 20X6 Steller acquired 75% of the share capital of Nebula for $750,000. At...

 

Transcribed Image Text:

At 1 January 20X6 Steller acquired 75% of the share capital of Nebula for $750,000. At that date the share capital of Nebula consisted of 20,000 ordinary shares of $1 each and its reserves were $10,000. The fair value of the non-controlling interest was valued at $150,000 at 31 December 20X8. In the consolidated statement of financial position of Steller and its subsidiary Nebula at 31 December 20X8, what amount should appear for goodwill? At 1 January 20X6 Steller acquired 75% of the share capital of Nebula for $750,000. At that date the share capital of Nebula consisted of 20,000 ordinary shares of $1 each and its reserves were $10,000. The fair value of the non-controlling interest was valued at $150,000 at 31 December 20X8. In the consolidated statement of financial position of Steller and its subsidiary Nebula at 31 December 20X8, what amount should appear for goodwill?

Answer rating: 100% (QA)

To determine the goodwill amount in the consolidated statement of financial position at 31 December ... View the full answer