Prodigal, june 2011

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This topic contains 3 replies, has 2 voices, and was last updated by Avatar of MikeLittle MikeLittle 1 year, 9 months ago. This post has been viewed 54 times

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    perist1984
    Participant
    • Topics: 8
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    Dear Mike,

    When calculating consolidated equity section, why did we leave out 2,200 of the subsidiarys other equity reserves from calculation?


    Avatar of MikeLittle
    MikeLittle
    Keymaster
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    Off the top of my head, I don’t know without seeing the question again.

    But maybe it was because the 2,200 was already there at the date of acquisition in which case it would have been included within the goodwill calculation – reserves as at date of acquisition.

    Does that answer it?


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    perist1984
    Participant
    • Topics: 8
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    Yes, that’s it.

    Thank you!


    Avatar of MikeLittle
    MikeLittle
    Keymaster
    • Topics: 1
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    You’re welcome!

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