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CONSOLIDATION

This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.

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June 17, 2021 at 12:46 am #625492
KUMAR2810
Participant
- Topics: 17
- Replies: 2
Which one of the following statements is NOT true in relation to accounting for
subsidiaries and associates in group accounts?
A Goodwill is not recognised when an investment in an associate is made.
B Goodwill is not calculated when an investment in a subsidiary is made.
C Non-controlling interests are not recognised when accounting for an investment in
an associate.
D Non-controlling interests are not recognised hen accounting for an investment in a
subsidiary.
A&D BOTH ARE THE RIGHT ANSWER THE QUESTION IS WRONG RIGHT?SINCE BOTH ARE NOT TRUE
June 17, 2021 at 8:46 am #625527
John Moffat
Keymaster
- Topics: 56
- Replies: 51575
The question asks which of the statements are not true.
A and D are not true and therefore A and D is the correct answer
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