Chuchu acquired 70% of Bang's 100,000 Br. 1 ordinary shares for Br. 800,000 when the RE of Bang were Br.570,000 & the bal. in its revaluation surplus was Br.150,000. Bang also has an internally developed BRAND NAME which has been independently valued at Br.90,000.   The NCI in Bang was measured @FV by the date of acquisition. If the goodwill arising on acquisition is computed at Birr 110,000; what would be the FV of the NCI at the date of acquisition? 

Answer rating: 100% (QA)

To compute the fair value FV of the NonControlling Interest NCI at the date of acquisition we need t... View the full answer