Question

Your unit project should include:

Your word picture.
Your Answer to the Big Question, "What is a community?"
Remember to:

Write in your own words.
Be detailed.
Use your best academic spelling and grammar.

Answer 1

Assuming that Parent Inc. acquires 100% of Sub Inc. on August 1, 2022 for cash of Birr 135,000, what would be the amount of goodwill or (a gain from bargain purchase or negative goodwill) appearing on the Consolidated financial statements on the

date of acquisition if the identifiable net assets (INA) or partial goodwill method were used?

A. Birr 2.000B. (Birr 2.000)C. Birr 7,000

D. (Birr 7.000)