SCAQ Foundation AFF Practice Questions - SCAQ Foundation Advanced Financial Reporting Examination Exam

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Alpha Co acquired 75% of Beta Co on 1 January 2025. On acquisition date, Beta's net assets had a book value of $500,000 and fair value of $600,000. Alpha elects to measure NCI at fair value under SFRS(I) 3. The fair value of NCI on that date was $180,000. Consideration paid was $570,000. What is the goodwill to be recognized?

$$120,000 $$150,000 $$180,000 $$250,000

Correct Answer:

$$150,000

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