Consolidated statements of financial position - Calculating Goodwill

Hello :-)
I am wondering if someone will be able to assist me with calculating goodwill.
Consideration
NCI at acquisition
Net assets acquired
= Goodwill
In the practice question I am currently stuck on,I can calculate the Consideration and the NCI at acquisition but I am completely lost when attempting to calculate the Net assets acquired value.
Is there an easy formula for calculating this figure?
Am i right in assuming that Net Assets = Assets-Liabilities?
Any asistance or pointers would be great.
I am wondering if someone will be able to assist me with calculating goodwill.
Consideration
NCI at acquisition
Net assets acquired
= Goodwill
In the practice question I am currently stuck on,I can calculate the Consideration and the NCI at acquisition but I am completely lost when attempting to calculate the Net assets acquired value.
Is there an easy formula for calculating this figure?
Am i right in assuming that Net Assets = Assets-Liabilities?
Any asistance or pointers would be great.
Comments
It might be that you have some revaluation of assets that need to be factored into the calculation.
AAT Level 2&3 - 2016
AAT Level 4 - 2017
Personal Tax, Business Tax and External Auditing
ACA/CTA -
Certificate Level - Jan 2019
If a revaluation is included in the question, then this needs to be added to the retained earnings at acquisition.
Hope this helps.