• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

BPP Black Friday sale! (28 Nov-1 Dec)

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

Consolidation mcq

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidation mcq

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 30, 2019 at 9:46 pm #543899
    maxpopper
    Member
    • Topics: 177
    • Replies: 132
    • ☆☆☆

    Which of the following statements relating to goodwill is correct

    a) On investment in associate any related goodwill should be separately identified in consolidated financial statements

    b) If the fair value of subsidiary’s contingent liabilities can be reliably measured at date of acquistion they should be included in consolidated net assets and will increase goodwill

    Sir why a) cannot be the correct answer?

    September 1, 2019 at 11:38 am #544042
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7212
    • ☆☆☆☆☆

    There is no goodwill to be recognised when we equity account for an associate.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • kneegro on Introduction to IFRS 16 Leases – ACCA (SBR) lectures
  • tkhue3296 on CIMA B3 Introduction to Accounting
  • John Moffat on Risk and Uncertainty – Expected Values – CIMA P2
  • John Moffat on Discounted Cash Flow – Annuities and Perpetuities – ACCA Financial Management (FM)
  • Sarah461422 on Risk and Uncertainty – Expected Values – CIMA P2

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in