Question

Shaw owns 80% of Gorman. The following information is available: Consolidated Goodwill is $325,000. The fair...

Shaw owns 80% of Gorman. The following information is available:

Consolidated Goodwill is $325,000.

The fair value of the controlling interest is $700,000

The fair value of the noncontrolling interest is $225,000

The fair value of 100% of Gorman net assets acquired is $600,000

How much Goodwill is allocated to the noncontrolling interest

$480,000

$0

$105,000

$220,000

$325,000

Homework Answers

Answer #1

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