Goodwill (W1)

Cost 32,640
FV of NCI 7,500

Less:Net asset list (w2) (26,845)

Goodwill at acqusition 13,295

Net Asset List (W2) At Acq

SC 12,000
RE 14,100
FV Adjustments 720
25
26,845

Profit attributable to NCI 2,160

Gd
Workings and Double Entries

Consideration

Share exchange 19,200

Deferred Consideration 13,440
Total Considetation 32,640

Dr FC 1,008.00
Cr Deferred Consideration 1,008

DR PPE 720
Cr RE 720

Dr Cost of Sales 360

Cr PPE 360

Cr FC 100
DR ppe 100

Dr Revenue 3,000
Cr Cost of Sales 3,000

Cr Cost of Sales 70
Dr Inventory 70

Dr Cost of Sales 500

Cr Gd will 500