alleryStart learning →A buys 100% of B for Rs 20 lakh. B's identifiable net assets at fair value are Rs 9 lakh. Goodwill is:
ARs 9 lakh
BRs 29 lakh
CRs 20 lakh
DRs 11 lakh
Answer & Solution
Correct answer: D. Rs 11 lakh
Goodwill is purchase price less net fair value of assets: 20 - 9 = Rs 11 lakh.
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