Westfall Water Co (WWC) acquired 75% of the share capital of Brooke Foods Inc (BFI) on 1

Fantastic news! We've Found the answer you've been seeking!

Question:

Westfall Water Co (WWC) acquired 75% of the share capital of Brooke Foods Inc (BFI) on 1 June 20X3 for a cash consideration of $1 million. BFI has 100,000 shares in issue. The value of BFI's net assets at the acquisition date is $600,000. The price of a BFI share at 1 June 20X3 is $10. WWC elects to value NCI at fair value. What is the goodwill arising on the acquisition of BFI? Do not include symbols, commas, or letters in your response

Posted Date: May 18, 2024 05:00 PM

See More Questions

Marks 1. Find the limits, if they exist. If a limit does not exist, check whether the function approaches +00 x2 + 2x - 15 (5) (a) lim x-3 x2-4x +3 x2 - 4 (5) (b) lim x2 x4 - 16 Carol Ferland CF...
The trial balance after one month of operation for Mason's Delivery Service as of September 30, 20--, is shown below. Data to complete the adjustments are as follows: (a) Supplies inventory as of...
Match Lean Operations, JIT, and TPS with the concepts shown below: a) Continuous improvement and a focus on exactly what the customer wants, and when. b) Supply the customer with exactly what the...
You are the financial controller of C Ltd, a company which has recently established a pension scheme for its employees. It chose a defined benefit scheme rather than a defined contribution scheme. C...
Mike Macinski Leasing Company leases a new machine that has a cost and fair value of $95,000 to Sharrer Corporation on a 3-year noncancelable contract. Sharrer Corporation agrees to assume all risks...
Youve observed the following returns on SkyNet Data Corporations stock over the past five years: 13 percent, 8 percent, 16 percent, 16 percent, and 10 percent. Suppose the average inflation rate over...
Question (4 points) The diagram below illustrates the impact of a $2 per-unit tax on cheese buyers. The equilibrium price and quantity without the tax is $8 and 80 pounds of cheese. 1st attempt Price...
JAVA CODE 02 range of integers The input is n is the size of the integer range input. The output data is Range of integers that dont duplicate example input 5 2 7 1 3 4 10 13 15 5 6 output data 2
Why is the program predictability measure the primary metric used during the quantitative measurement part of the inspect and adapt event?
(a) The cost price of an aluminum ladder is $62.50, and the mark-up is 28% of the selling price. Calculate the selling price. (2 marks) (b) The cost price of a circular saw is $45.57 and its selling...
Taylor Manufacturing Company has four (4) departments namely, Molding and Decorating for producing departments, Buildings, Grounds and Factory Administration departments as supporting departments....
Suppose you have a loan with a balance of $10,000, an interest rate of 6% (compounded monthly) and required monthly payments of $100.This loan will take 11 years and 7 months to pay off in you only...
Q2(a) Given Zx sin(x - 2y) show that = axdy dydx = 2x sin(x-2y) - 4x cos(x-2y)
A CEO wishes to examine the number of annual leave days her employees have. She selects a random sample of 7 employees and notes the number of annual leave days each has. The number of days, are as...
What did Lennox gain by integrating their WMS, TMS, and labor management systems?
Preparing a Statement of Earnings and a Statement of Financial Position LO1-1 Ducharme Corporation was organized by five individuals on January 1, 2020. At the end of January 2020, the following...
What do budgets have to do with control? R-3
What were the five uses of budgets that were identified in the chapter? R-2

Westfall Water Co (WWC) acquired 75% of the share capital of Brooke Foods Inc (BFI) on 1

Question:

Expert Answer:

Students also viewed these accounting questions