Portal V C1 httpsedugenwileypluscor ntmainfruni WileyPLUS L

Portal V ) C)1 https://edugen.wileyplus.cor nt/mainfr.uni WileyPLUS L,company Accounting, 10e UNSW Accounting (ACCT2542/ACCTS942) Home Read, Study & Practice Gradebook FULL SCREEN PRINTER VERSION BACK ASSIGNMENT RESOURCES Question 1 Online Quiz Question1 000. Aroona Limited\'s net assets and contingent liablites at fair value were: total assets $840 000; total Eiabilities 8300 000; and contingent liabilities $100 000. The amount of ooodwill to be recogrised by Belvista umiced business combination is: when recording the Quetion $160 000 QuestionS Qusstion 6 $260 000, $400 000. $440 0o0. SAVE ,OR LATE R Question Attempts: 0 of 1 used tlagist unRd Ach5doc ch6 doc ch6 (1)doc

Solution

Net worth Aroona Limited= net assets - total liabilities-contingent liabilities = 840000-300000-100000 = 440000

Purchase consideration paid by Bellvista limited = 600000

Goodwill = purchase consideration by Bellvista limited - net worth of Aroona limited = 600000-440000= 160000

Therefore answer is option A