- This topic has 1 reply, 2 voices, and was last updated 2 months ago by
P2-D2.
P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
maximus07
- Topics: 375
- Replies: 380
- ☆☆☆☆
Professor, I recently studied Gain on Bargain purchase.
Can you please tell me what is shown on debit side?
Dr XX Cr Other income in Parent’s SOPL
P2-D2
- Topics: 4
- Replies: 6158
- ☆☆☆☆☆
Hi,
I’d not get too concerned with the journal entries when it comes to consolidation but the debit entries are effectively the entries for the cash received and recording of net assets. There will be other entries to regarding the equity share capital and NCI too, which is where it gets tricky.
Thanks
maximus07
P2-D2Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.