December 2007

jackiepowell

Goodwill account, Task 2.5 December 2007

I have not a clue what this is! Can anyone help me??

Thanks
Jackie

lori

Dr the account using the old ratio with the 50,000
Capital - Asma 50% = 25,000
Capital - ben 25% = 12,500
Capital - Chris 25% = 12,500
Cr using new ratio
Capital -Ben = 30,000
Capital -Chris = 20,000

:thumbup1:

jackiepowell

been really thick, where does the 50,000 come from?

mikes

This is the goodwill value given at the start of question 2.5