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Cee Ltd acquired a 60% interest in Jee Ltd on January 1, 2017. Cee Ltd paid ?700 Lakhs in cash for their interest in Jee Ltd The fair value of Jee Ltd's asset is ?1,800 Lakhs and the fair value of its liabilities is ?900 Lakhs. Compute the Non-controlling interest (NCI) at fair value.

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The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%


Cee Ltd acquired a 60% interest in Jee Ltd on January 1, 2017. Cee Ltd paid ?700 Lakhs in cash for their interest in Jee Ltd The fair value of Jee Ltd's asset is ?1,800 Lakhs and the fair value of its liabilities is ?900 Lakhs. Compute the Non-controlling interest (NCI) at fair value.






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