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The non controlling interest in the goodwill of the subsidiary

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › The non controlling interest in the goodwill of the subsidiary

  • This topic has 3 replies, 3 voices, and was last updated 12 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • November 28, 2012 at 7:17 am #55864
    dtsolak
    Participant
    • Topics: 2
    • Replies: 0
    • ☆

    Example 6: Page 40, Why do we own 8000 shares of Ilona? We own 25% @ 32,000 $ = 8000 $ of share capital….Am I wrong??

    November 28, 2012 at 9:40 am #109084
    tonymc
    Member
    • Topics: 3
    • Replies: 76
    • ☆☆

    Have you checked the nominal amount of the share?

    November 28, 2012 at 11:17 am #109085
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    dtsolak – what a strange question! The heading for the stream says “non controlling interest in the goodwill …” so, when you say “we” I presume you’re talking from a non controlling interest point of view.

    And now, from their point of view, you say “Why do we own 8,000 shares in Ilona? We own 25% @ 32,000 $ = 8,000 $ of share capital”

    Errrr, yes. And that’s why we own 8,000 shares in Ilona! It’s because we own 25% of Ilonas’ share capital which is the same as 25% @ $32,000 shares = 8,000 shares

    November 28, 2012 at 11:17 am #109086
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    dtsolak – what a strange question! The heading for the stream says “non controlling interest in the goodwill …” so, when you say “we” I presume you’re talking from a non controlling interest point of view.

    And now, from their point of view, you say “Why do we own 8,000 shares in Ilona? We own 25% @ 32,000 $ = 8,000 $ of share capital”

    Errrr, yes. And that’s why we own 8,000 shares in Ilona! It’s because we own 25% of Ilonas’ share capital which is the same as 25% @ $32,000 shares = 8,000 shares

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