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hint: complete disposal of share
in part c. i) gain or loss is calculated by comparing the consideration recieved with net assets goodwill and NCI but in part ii examiner said the amount of goodwill that is deducted from consideration exclude NCI share.
please guide if NCI is at FV and all share are dispose off, do we need to deduct NCI share of goodwill in calculating profit and loss on disposal.
Normal calculation as per our course notes except that XD are recycled to P&L
Section 3 Chapter 6
Don’t forget to use my debrief lecture on this exam
Hi sir thanks a lot for your kind response
I listened to the lectures again and also your debrief but I am still confused on this one point mentioned by examiner.
“In effect, the proceeds are compared to the net assets and unimpaired goodwill not attributable to the non-controlling interest at the disposal date.”
what is this “unimpaired goodwill not attributable to the non-controlling interest”.
as examiner is taking 102 in his calculation which does include NCI share of goodwill as NCI is measured at fair value.I think it’s another way of saying:
Proceeds minus
Net assets plus goodwill minus NCI
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