Jabba Ltd acquired a 70 per cent interest in Han Ltd on 30 June 2022 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:
Han Ltd | Leia Ltd | |
Share capital | 2 000 000 | 1 600 000 |
Retained earnings | 600 000 | 800 000 |
Total | 2 600 000 | 2 400 000 |
What is the non-controlling interest in Han Ltd and Leia Ltd, respectively, on the date of acquisition using the partial goodwill method? (Round to the nearest dollar.)
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