Acquirer Plc Purchased 75 Per Cent of Subby Plc for €45

question 26

Multiple Choice

Acquirer Plc purchased 75 per cent of Subby Plc for €45 000.The fair value of identifiable assets was €95 000,and the fair value of liabilities and contingent liabilities amounted to €47 000.According to IFRS 10,what would be the amount of 'goodwill allocated to non-controlling interests of Subby Plc'?

• A)€3000
• B)€9000
• C)€12 000
• D)(€3000)

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Definitions:

Titles Printed

The number of different book titles or publication names produced over a specific period.

Conversion Costs

The sum of labor and overhead costs required to convert raw materials into finished products.

Equivalent Units

The product of the number of partially completed units and their percentage of completion with respect to a particular cost. Equivalent units are the number of complete whole units that could be obtained from the materials and effort contained in partially completed units.

Process Costing

A costing method used when homogeneous products are produced on a continuous basis.