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Hi,
I am getting a little confused. Can someone please help we clarify this out.
I understand that as long as the NCI value is given in the question, we must use the fair value method to calculate the NCI. Which then means that we will get the Full Goodwill amount.
Else, we need to use the proportion method.
So,when value of the NCI is given we need to include in the group SOFP, the Full Goodwill amount and when not given, we need to include in the group SOFP, the Partial Goodwill.
Am i right or did i miss something?
Hi,
Correct, if you are given the fair value of the NCI or S’s share price then you need to use it and if not then just use the proportionate method.
Thanks
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