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how do i determine the cost of investment for the purpose of goodwill in a situation where say 60% investment acquired and a further 20% acquired at another date without the question giving you the amount paid for the 60% or 20% but given as a single figure in the statement of financial position of the parent company.for example:
P S
investment in P 100,000 –@ wesbyss, the question is a bit long hence typing it here will be time consuming but if you do not mind i can send a scanned copy to your email.If this option is okay with you please provide your email address.
I haven’t seen the question, but I can hazard a guess.
The cost of the investment of the subsidiary in the parent’s statement is the price paid, plus/minus subsequent profits/losses. If you can work out the profits and losses and elongate those, you’ll be left with the original price paid.
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