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Jabba Ltd Acquired a 70 Per Cent Interest in Han

question 30

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Jabba Ltd acquired a 70 per cent interest in Han Ltd on 30 June 2012 for $2,000,000. On the same date, Han Ltd acquired a 60 per cent interest in Leia Ltd for a cash consideration of $1,600,000. The purchase price represents the fair value of consideration transferred for both investments.
The share capital and retained earnings at the date of acquisition are as follows:
Jabba Ltd acquired a 70 per cent interest in Han Ltd on 30 June 2012 for $2,000,000. On the same date, Han Ltd acquired a 60 per cent interest in Leia Ltd for a cash consideration of $1,600,000. The purchase price represents the fair value of consideration transferred for both investments. The share capital and retained earnings at the date of acquisition are as follows:   What is the non-controlling interest in Han Ltd and Leai Ltd, respectively on the date of acquisition using the full goodwill method (round to the nearest dollar) ? A)  $780,000; $960,000; B)  $857,143; 1,066,667; C)  $1,820,000; $1,440,000 D)  $2,000,000; $1,600,000; E)  $2,857,143; $2,666,667.
What is the non-controlling interest in Han Ltd and Leai Ltd, respectively on the date of acquisition using the full goodwill method (round to the nearest dollar) ?

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