Green Ltd purchased 80 per cent of the issued capital for consideration of $4 000 000 and in the process gained control over Maroon Ltd on 1 July 2015. The fair value of the net assets of Maroon Ltd at purchase was represented by:


Share capital              $3 220 000

Retained earnings       740 000

Total                           3 960 000


At acquisition date all the identifiable assets and liabilities of Maroon Ltd were recorded at amounts equal to fair value.

At 1 July 2015, the fair value of the non-controlling interest was $1 000 000 and Green Ltd adopts the full goodwill method.


Required: Prepare acquisition analysis on 1 July 2015.

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