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This is with regard to Grange Consol. question of Dec 09.
Grange owns 60% of Park and at the end of the year increases the stake to 80%.
Goodwill method used is NCI at Fair vaule i.e. Full Method.
while calculating decrease in NCI working, arent’ we supposed to also include decrease in NCI share of goodwill too(cause we are using full goodwill method)…..at least, that’s what is suggested in the BPP and Kaplan text.
However, the revision kit does not show any such adjustment….nor does the ACCA model answer.
am i missing something here…?
guess i figured it out….
the Fair value figure of NCI given in the question would include the NCI share of Goodwill, so a percentage of that would take care of the goodwill bit….i guess..
Didn’t see your original question and your second came through, just 30 minutes after, and before I saw your first
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