How much is the goodwill on January 2,2020?

Consideration 4,531,250
Contingent Consideration 275,000
Total 4,806,250
FVNIA 4,500,000
Goodwill , 01/02/2020 306,250

Solution: Compute first for the FVNIA

NOP Corp. Assets
Cash 5,000
Accounts Receivable 20,000
Inventories @ FV 78,000
Building and Equipment @ FV 124,000
Total 227,000
NOP Corp. Liabilities
Accounts Payable 70,000
Bonds Payable @ FV 42,000
Total 112,000
FVNIA 115,000

Goodwill: Total Liabilities:

Consideration Liabilities, HIJ Corp.
Cash 28,000 Liabilities, NOP Corp.
Stock 90,000 Contingent Liability
Contingent Consideration 2,000 Total Liabilities
Total Consideration 120,000
FVNIA 115,000
Goodwill 5,000

Share Premium:
Compute for the consolidated net income attributable to parent company for 2020.

GV Co. DL Co.
Profit Before Adjustment 1,134,000 294,000
How much is the goodwill to be recorded on October 1, 2020?
Consideration 4,531,250
Contingent Consideration 220,000
Total 4,751,250
FVNIA 4,500,000
Goodwill , 10/01/2020 251,250
325,000
112,000
2,000
439,000