Webjet acquired Trip Ninja at the end of 2021:

1) Research about the Webjet's acquisition of Trip Ninja. Why would Webjet want to acquire Trip ninja? Discuss.

2) The acquisition price was not disclosed but Trip Ninja announced that the business will "shut-down" before the acquisition. Do you think the acquisition would result in goodwill or a bargain purchase? Explain.

3) Hypothetically, assume Webjet acquired only 80% of Trip Ninja, how would the accounting differ from 100% acquisitions? Demonstrate by presenting the financial statement with an NCI.

Answer rating: 100% (QA)

A Webjet is an Australian online travel booking company that provides services like flight bookings hotel bookings holiday packages car hire and trave... View the full answer