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Dear Tutor,
If P sells shares and becomes Non Controling from Controling enity, then in calculation of Group P/L on disposal of shares the goodwill figure which is used is it Goodwill as at date of acquisition of controlling interest or is it net off impairment as at date of disposal?
It should be net off impairment, isn’t it?
Hi,
It is the goodwill figure at the disposal date, so will be after any impairment since the initial acquisition date.
Thanks
Dear Tutor,
Similarly, in case of gain/loss on translation of overseas subsidiary, we will have to use Goodwill net off impairment in the profoma, right?
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