Hi sir,
When calculating goodwill for foreign subsidiary it's FVNA and NCI should be retranslated using closing rate.But in the answer they are retranslated using the transaction rate.Please explain.
Thank you..
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BBP:Aspire an 20
5y ago#1Calculate the goodwill in the foreign currency.
Then translate the final figure at the closing rate.
Job done - that's what you'll be asked for.
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