Biotech Limited acquired 80% of the share capital and reserves of Vaccine Limited for $300...
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Accounting
Biotech Limited acquired 80% of the share capital and reserves of Vaccine Limited for $300 000. Share capital was $200 000 and reserves amounted to $100 000. All assets and liabilities were recorded at fair value except buildings which was recorded at $20 000 below fair value. If the company tax rate was 30%, and the partial goodwill method was adopted, the NCI share of equity at the date of acquisition was:
Select one:
$60 000
$62 800
$64 000
$48 800
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