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-On 1 January 20X0, Billy Ltd Acquired 100% of the c

question 6

Multiple Choice

$\begin{array} { l c c c } & \begin{array} { c } \text { Piano Ltd } \\\text { \$ millions }\end{array} & \begin{array} { c } \text { Billy Ltd } \\\text { \$ millions }\end{array} & \begin{array} { c } \text { Man Ltd } \\\text { \$ millions }\end{array} \\\text { Retained profits } & 2300 & 800 & 500 \\\text { Paid-up capital } & 2700 & 400 & 300 \\\text { 1 Jan 20X0 Total } & \mathbf { 5 0 0 0 } & \mathbf { 1 } 200 & \mathbf { 8 0 0 } \\\text { Retained profits } & 4300 & 1200 & 600 \\\text { Paid-up capital } & 2700 & 400 & 300 \\\text { 1 Jan 20X2 Total } & 7 \mathbf { 0 0 0 } & \mathbf { 1 6 0 0 } & \mathbf { 9 0 0 }\end{array}$
-On 1 January 20X0, Billy Ltd acquired 100% of the issued capital of Man Ltd by paying $1 000 million cash.On 1 January 20X2, Piano Ltd acquired 100% of the issued capital of Billy Ltd by paying $1 600 million cash.At these two dates, the fair value of equity of the companies is shown in the above table.
How much goodwill was acquired by each company if the partial method is applied?

Definitions:

Traditional 9:00

Typically refers to the conventional start time for work or business operations, signaling the beginning of the workday at 9:00 AM.

Flextime

A flexible work arrangement allowing employees to choose their working hours within agreed limits.

Working Hours

The period of time during which a person is obligated to perform work or duties.

Flexible Working Hours

A work arrangement that allows employees to choose and alter their work schedules to better fit personal needs, enhancing work-life balance.