Given

Price Paid P xx 800,000

Non-controlling interest (NCI) xx 170,000 20%
Total xx
Less: Fair value of identifiable net assets of subsidiary xx 620,000
Goodwill (Gain on acquisition) P xx (xx)

Minimum Noncontrolling Interest (NCI) Value 160,000

Case 2 NCI at Fair Value not given

Price Paid P 800,000 80%

Non-controlling interest (at estimated fair value) 200,000 20% 200,000
Total 1,000,000 100%
Less: Fair value of identifiable net assets of subsidiary 620,000
Goodwill (Gain on acquisition) P 380,000

Case 3 NCI at Fair Value 140,000

Price Paid P 800,000

Non-controlling interest (at estimated fair value) 160,000
Total 960,000
Less: Fair value of identifiable net assets of subsidiary 620,000
Goodwill (Gain on acquisition) P 340,000

Case 4 Based on proportionate share of FV of INA of S

Price Paid P 800,000

Non-controlling interest (at estimated fair value) 160,000
Total 960,000
Less: Fair value of identifiable net assets of subsidiary 620,000
Goodwill (Gain on acquisition) P 340,000

Case 5 Full goodwill approach /method

Same answer as Case 2 380,000

Case 6 Partial goodwill approach /method

Same answer as Case 4 340,000