Contemporary Financial Accounting: Partial and Full Goodwill Methods

Running head: CONTEMPORARY FINANCIAL ACCOUNTING
Contemporary Financial Accounting
Name of the Student:
Name of the University
Author’s Note

1
CONTEMPORARY FINANCIAL ACCOUNTING
Table of Contents
Requirement a:.................................................................................................................................2
Requirement b:.................................................................................................................................2
Requirement c:.................................................................................................................................7
Partial Goodwill Method.............................................................................................................7
Full Goodwill Method.................................................................................................................7
Reference.........................................................................................................................................9

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CONTEMPORARY FINANCIAL ACCOUNTING
Requirement a:
Dr. Cr.
Date Amount Amount
a.i Share Capital 180
General Reserve 270
Retained Earnings 135
Goodwill 153
Business Combination
Valuation Reserve 126
Invetsments 864
a.ii Cash 117
Dividend Revenue 117
a.iii Cash 135
Interim Dividend Revenue 135
Particulars
Requirement b:
Particulars Amount Amount
Consideration Transferred 864
Less:
Share Capital 200
General Reserve 300
Reatined Earnings 150
Land 140
Net Fair Value of Identifable Assets
& Liabilities -790
Add: Non-Controlling Interest @10% 79
Goodwill 153
Acqusition Analysis: