Argose Aqua Co (AAC) acquired 75% of the share capital of Benq Bottle Inc (BBI) on 1

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Argose Aqua Co (AAC) acquired 75% of the share capital of Benq Bottle Inc (BBI) on 1 June 20X3 for a cash consideration of $1 million. BBI's net assets at acquisition were $600,000. AAC elects to value NCI using the proportionate share of net assets method. There is no goodwill impairment. What is the goodwill arising on the acquisition of BBI? Do not include symbols, commas, or letters in your response

Posted Date: May 18, 2024 07:03 PM

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Argose Aqua Co (AAC) acquired 75% of the share capital of Benq Bottle Inc (BBI) on 1

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