A group presents its financial statements in A$.

A group presents its financial statements in A$.

The goodwill of its only foreign subsidiary was measured at B$100,000 at acquisition.

There have been no impairments to this goodwill.

Exchange rates (where A$/B$ is the number of B$’s to each A$) are as follows:

The value of goodwill to be included in the group’s statement of financial position in respect of its foreign subsidiary for the year ended 31 December 20X4 is:
A . A$75,758.
B . A$66,667.
C . A$150,000.
D . A$132,000.

Answer: A