Consolidation

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
November 3, 2021 at 8:50 am #639821
maximus07
Participant
- Topics: 446
- Replies: 437
Professor John, Hope you are fine.
We show Investment in Subsidiary as goodwill in Consolidated SOFP. If we have investment in Parent by subsidiary (like Share consideration) so what will we show investment in Parent by subsidiary (in Subsidiary’s financial statement) when bring into Consolidation financial statement?
November 3, 2021 at 2:57 pm #639855
John Moffat
Keymaster
- Topics: 57
- Replies: 54857
We replace the investment in the subsidiary with the assets of the subsidiary including goodwill in the SOFP.

In Paper FA you can not have the situation where the subsidiary has as investment in the parent.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.