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Consolidated sofp negative goodwill

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidated sofp negative goodwill

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 15, 2015 at 7:25 pm #232491
    drice99
    Member
    • Topics: 51
    • Replies: 77
    • ☆☆

    Hi mike a real question this time!

    In the case that negative goodwill has arisen, and say its the companies policy to value the non controlling interest on a full or fair value basis, is there such a thing as the non controlling interests share of negative goodwill? Or is 100% of the negative goodwill always added to the parent companies retained earnings only in the statement of financial position?

    Cheers

    March 15, 2015 at 10:18 pm #232501
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23359
    • ☆☆☆☆☆

    100% belongs to the parent

    Ok?

    March 15, 2015 at 10:28 pm #232507
    drice99
    Member
    • Topics: 51
    • Replies: 77
    • ☆☆

    Thanks

    March 15, 2015 at 10:37 pm #232508
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23359
    • ☆☆☆☆☆

    You’re welcome

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