Question 3.2 Homework. Unanswered. Due Sep 23rd, 11:59 PM Company A Acquired 90% of Company B's...

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Question 3.2 Homework. Unanswered. Due Sep 23rd, 11:59 PM Company A Acquired 90% of Company B's stock for $900,000 when the fair market value of B's net assets were $600,000. Under IFRS, how much goodwill should Company A show in this transaction? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $1,000,000 b $400,000 $360,000 d $300,000 K Open in Reading Vi Question 3.2 Homework. Unanswered. Due Sep 23rd, 11:59 PM Company A Acquired 90% of Company B's stock for $900,000 when the fair market value of B's net assets were $600,000. Under IFRS, how much goodwill should Company A show in this transaction? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $1,000,000 b $400,000 $360,000 d $300,000 K Open in Reading Vi

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Answer d 300000 Solution To calculate the goodwill under IFRS in a business combination you use the formula Goodwill Consideration Transferred Fair Value of Net Assets Acquired In this case Consideration Transferred 900000 Fair Value of Net Assets Acquired 600000 Goodwill 900000 600 000 300000 So ... View the full answer