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goodwill at the acquisition date

goodwill at the acquisition date

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 19E
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t.no.16

16. 100% of the he equity share capital of the Roman Co. was acquired by the Sweet Co. on July 30, 2009. Sweet Co. issued 500, 000 new P1 ordinary shares which had a fair value of P8 each at the acquisition date. In addition, the acquisition resulted in Sweet incurring fees payable to external advisers of P200, 000 and share issue cost of P80, 000. In accordance with IFRS3, Business Combination, goodwill at the acquisition date is measured by subtracting the identifiable assets acquired and the liabilities assumed from a. 4,000,000 b. 4,180,000 c. 4,200,000 d. 4,380,000
Transcribed Image Text:16. 100% of the he equity share capital of the Roman Co. was acquired by the Sweet Co. on July 30, 2009. Sweet Co. issued 500, 000 new P1 ordinary shares which had a fair value of P8 each at the acquisition date. In addition, the acquisition resulted in Sweet incurring fees payable to external advisers of P200, 000 and share issue cost of P80, 000. In accordance with IFRS3, Business Combination, goodwill at the acquisition date is measured by subtracting the identifiable assets acquired and the liabilities assumed from a. 4,000,000 b. 4,180,000 c. 4,200,000 d. 4,380,000
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