Accounting · Goodwill Calculation
Which of the following formulas correctly calculates goodwill on acquisition according to IFRS 3?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fair value of consideration paid - Fair value of net identifiable assets at acquisition
- 2Fair value of consideration paid + Fair value of non-controlling interest at acquisition date - Fair value of net identifiable assets at acquisition✓
- 3Fair value of consideration paid - Fair value of non-controlling interest + Fair value of net identifiable assets
- 4Fair value of consideration paid + Fair value of non-controlling interest + Fair value of net identifiable assets
Correct answer
Fair value of consideration paid + Fair value of non-controlling interest at acquisition date - Fair value of net identifiable assets at acquisition
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