1. **State the problem:** Calculate the goodwill arising on acquisition of Seek by Hide. 2. **Formula for goodwill:** $$\text{Goodwill} = \text{Fair value of consideration paid} + \text{Fair value of NCI} - \text{Fair value of net assets acquired}$$ 3. **Given values:** - Fair value of consideration paid (cash): 24,000 - Fair value of Non-Controlling Interest (NCI): 4,000 - Fair value of net assets at acquisition: 26,000 4. **Calculate goodwill:** $$\text{Goodwill} = 24,000 + 4,000 - 26,000$$ 5. **Simplify the expression:** $$\text{Goodwill} = \cancel{24,000} + \cancel{4,000} - \cancel{26,000}$$ $$= 2,000$$ 6. **Interpretation:** The goodwill arising on acquisition is 2,000. This means Hide paid 2,000 more than the fair value of net assets acquired, representing intangible assets like brand value, customer relationships, or synergies.