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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Consolidated financial statements 2
Sir in the question,
B acquired 75% for 8900000, but in the financial position for B under Assets the investment views as 8400000? Which figure I must take it to calculate goodwill? Moreover should I minus 8900000 and 8400000 and show it under consolidated Finacial postion? Sir pls clear my doubts?
If they paid 890,000 then this is the amount that will appear in B’s SOFP.
So we should ignore 8400000 when calculating the goodwill?
It will not be different – the investment in B’s SOFP will be the same as the amount they paid for the shares.