Intra-group balances

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    lsoltobaeva
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    when preparing the consolidation, should we make eliminating entries FIRST and then calculate goodwill and NCI? or vice verse?


    Avatar of MikeLittle
    MikeLittle
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    Working 2, goodwill, is as at date of acquisition. Working 3 and cancellation entries are as at date of balance sheet.

    So …. do working 2. Work out cancellations and then cancel

    Then do working 3 for consolidated retained earnings

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