Holding compay
This query is : Resolved
18 November 2014
X Ltd. acquired 12000 equity shares out of 20000 shares of rs. 10 each of Y Ltd. at 180000rs. Y Ltd. paid dividend at 10% out of its pre-acquisition profit. Net value of subsidiary co. on the date of acquisition was 250000rs. The goodwill or capital reserve will be?
plz give me its solution.....
18 November 2014
Net value of Subsidiary is Rs.250,000
Deduct Proposed Dividend from that
So adjusted net value is Rs.230,000
i.e.Rs.11.50 per share
X ltd acquired the share for Rs.15 each
Goodwill = 12,000 shares X 3.50 = Rs.42,000
Deduct Proposed Dividend from that
So adjusted net value is Rs.230,000
i.e.Rs.11.50 per share
X ltd acquired the share for Rs.15 each
Goodwill = 12,000 shares X 3.50 = Rs.42,000
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