LorrinCFA

1. Note that in this example, there is no Goodwill. ALL of $60 of extra value, over the Fair Value of Identifiable Net Assets has been recognized as that coming from previously unvalued Licenses. So, this $60 will be reported in the consolidated B/S as an Identifiable Asset and not as Goodwill.
2. So, in this particular case, Equity reported under Full Goodwill will be the SAME as that reported under Partial Goodwill.
3. A = L + E
Asset Side will increase by 580 of Net Assets (though they will be reprted not as NET but will full details) from Boswell + 60 from Licenses = 640
Corresponding Increase in the Equity Side will have 2 components:
320 - Equity of NinMount
+
320 - Non-Controlling Interest in Boswell
——
640
——
PS: We could discuss another example that does get Goodwill upon Acquisition and then we could see how Equity side is accounted for under both Full Goodwill and Partial Goodwill methods.