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CONSOLIDATION

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › CONSOLIDATION

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • Author
    Posts
  • 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: 57
    • Replies: 54701
    • ☆☆☆☆☆

    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

  • Author
    Posts
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