Do you need to calculate goodwill separately if we have an associate prior to beginning of year and then further purchase of share to a subsidiary at acquisition.
Yes, in the exam room. But what do you mean “separately”? We no longer calculate goodwill for an associate. On acquisition, we replace that w2 calculation with a revised calculation to find “Cost of control” and ” …. employees’ relaxation station”
Thank you for your reply.
The question was based on the December 2007 paper. Goodwill was calculated separately for the increase of equity interest from an associate to a subsidiary for both a Sub and an associate. I guess the standard has changed since.
Employees relaxation room wasn’t sure what this implied!
Hi, yes I believe it has.
“Employees relaxation station”!!! What on Earth is THAT?? I had just finished a long and difficult day and clearly my typing fingers were not connected with my brain.
OOOPS! Sorry about that
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