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Consolidation

This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.

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November 3, 2021 at 8:50 am #639821
maximus07
Participant
- Topics: 446
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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
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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.
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