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Deferred Tax asset of acquired subsidiary

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Deferred Tax asset of acquired subsidiary

Viewing 2 posts - 1 through 2 (of 2 total)
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  • September 21, 2017 at 4:23 pm #408219
    abdulbasit16
    Member
    • Topics: 165
    • Replies: 154
    • ☆☆☆

    Sir on page 171 of bpp text in the question part b they have written that we will also debit goodwill and credit p and l by 0.9m. But i dont understand y.

    September 24, 2017 at 9:33 pm #408541
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7217
    • ☆☆☆☆☆

    Hi,

    I’ve not got the textbook to hand but if the deferred tax asset cannot be recognised on acquisition then it will be removed, hence the credit, and the other side taken to goodwill.

    I’ll double check when I next have the textbook by my side.

    Thanks

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