December 2007

Goodwill account, Task 2.5 December 2007

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

Thanks
Jackie

Comments

  • lori
    lori Registered Posts: 25 Dedicated contributor ? ? ?
    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
    jackiepowell Registered Posts: 72 ? ? ?
    been really thick, where does the 50,000 come from?
  • mikes
    mikes Registered Posts: 254
    This is the goodwill value given at the start of question 2.5
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