QUESTION 2 Movegoodwill Ltd acquired all the assets and abilities of Lessgoodwill Ltd on 30 June 2021: The carrying amounts and estimated fair vilue of the assets and have to be taken er ut acquisition are as follows: 930,000 Carrying amount (5) Fair value ) land 1.050.000 inbentory 2.000.000 1.800.000 Plant 2.900.000 3.180.00 Accounts Payable 175.000 175.000 Orrowings 100.000 100.000 dition to these assets and liabilities, the existence of brand names was identified and valued at $150,000. A contingent liability was also reliably measured at 580.000. The price paid dinio illion and costs of $20,000 were incurred in the purchase. me amount of goodwill that would be recorded in the financial records of Moregoodwill Ltd. Show all workings (10 Marks) ar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Paragraph Arial 10pt : V I 46 x X, TTTT REE - TI 13 x EP sove and submit. Click Save All Answers to save all answers. Save Al Answers Close W hp Moregoochwill Ltd acquired all the assets and liabilities of lessgoodwill ltd on 30 June 2021. The carrying amounts and estimated tal of endles to encorer acquisition are as follows: Land Inbentory Plant Accounts Payable Borrowings Carrying amount (5) 1.050,000 2,000,000 2,900,000 175,000 100,000 In addition to these assets and liabilities, the existence of brand names was identified and valued at 30.000. A contingent liability was also reliably measured at 580,000. The price paid was $5.9 million and costs of $20,000 were incurred in the purchase. Fair valse ( 930.000 1.890.000 3,180.000 175.000 100,000 Required: Calculate the armount of Required: Calculate the amount of goodwill that would be recorded in the financial records of Moregoodwill Ltd. Show all workings QUESTION 2 Movegoodwill Ltd acquired all the assets and abilities of Lessgoodwill Ltd on 30 June 2021: The carrying amounts and estimated fair vilue of the assets and have to be taken er ut acquisition are as follows: 930,000 Carrying amount (5) Fair value ) land 1.050.000 inbentory 2.000.000 1.800.000 Plant 2.900.000 3.180.00 Accounts Payable 175.000 175.000 Orrowings 100.000 100.000 dition to these assets and liabilities, the existence of brand names was identified and valued at $150,000. A contingent liability was also reliably measured at 580.000. The price paid dinio illion and costs of $20,000 were incurred in the purchase. me amount of goodwill that would be recorded in the financial records of Moregoodwill Ltd. Show all workings (10 Marks) ar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Paragraph Arial 10pt : V I 46 x X, TTTT REE - TI 13 x EP sove and submit. Click Save All Answers to save all answers. Save Al Answers Close W hp Moregoochwill Ltd acquired all the assets and liabilities of lessgoodwill ltd on 30 June 2021. The carrying amounts and estimated tal of endles to encorer acquisition are as follows: Land Inbentory Plant Accounts Payable Borrowings Carrying amount (5) 1.050,000 2,000,000 2,900,000 175,000 100,000 In addition to these assets and liabilities, the existence of brand names was identified and valued at 30.000. A contingent liability was also reliably measured at 580,000. The price paid was $5.9 million and costs of $20,000 were incurred in the purchase. Fair valse ( 930.000 1.890.000 3,180.000 175.000 100,000 Required: Calculate the armount of Required: Calculate the amount of goodwill that would be recorded in the financial records of Moregoodwill Ltd. Show all workings