Hello, can someone help me to answer this exercice

18 On Dec 1st 2000, A Pharmaceutical company, Pharma plc, acquires 80% shares of a start-up business, Vac for 1,200, 000 E. The payment is made by cash on Dec 1st. Vac is performing highly innovative research on vaccines. At the date of acquisition, Vac's assets and liability information on Dec ist are in the following table: Book value on Dec 1st Fair value on Dec 1 st Asset Cash 100,000 100,000 Inventory 500,000 400,000 Fixed asset 1,500,000 1,500,000 Brand 700,000 900,000 Liabilities Accounts payable 800,000 800,000 Long-term debt 1,300,000 1,200,000 The primary reason for acquiring this company is to acquire the bright, young biochemists who perform the research; the salaries paid for them every year was 500,000 E. However, there is a risk associated with this acquisition as EU regulators are considering the ethics of using certain materials in the vaccines. Required: (a) Calculate the fair value, the goodwill and minority interest arising on the acquisition (b) Write down the journal entry on Dec 15 for the purchase for Pharma plc c) in which financial statement (Balance sheet; Income Statement; Cash flow Statement; Change of change in equity) can you find goodwill?(d) The balance sheet for Pharma plc on Dec 31st 2000 is in the following table: Balance sheet for Pharma plc on Dec 3 1 st 2000 Asset Liabilities Cash 1,000,000 Accounts payable 100,000 Accounts receivable 500,000 Long-term debt 1,800,000 Other non-current asset 700,000 Equity Fixed asset 2,300,000 Share capital 3,200,000 Invest in Vac 1,200,000 Retained earnings 600,000 Total Asset 5,700,000 Total liabilities and equity 5,700,000 There is no intra-group transaction between the two companies. Vac's assets and liability information on Dec 31st is the same as on Dec 1st. Make the consolidated balance sheet for Pharma plc on Dec 3 1 st 2000 Consolidated Balance sheet on Dec 31st 2000 Asset Liabilities Equity Total Asset Total liabilities and equity (e) On July 2001, new EU regulations were to ban vaccines in the area that Vac is working on, explain what the accounting consequences would be to the goodwill |