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:
investment in S 100,000
Ask the Tutor ACCA SBR
CHANGES IN THE COMPOSITION OF A GROUP
9y ago#1Hi,
You would have to be given the fair value of the 20% investment acquired. You wouldn't be able to answer the question without it really.
Thanks
Sign in to reply to this topic.