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Good afternoon sir,
I have a small doubt in f7consolidation
How do you know when to do the calculation for good will?Because in the book i refer to (BPP) they have calculated goodwill for certain questions and for some questions they haven’t done the calculation for goodwill.
I suppose, for a question on consolidated statement of profit or loss there’s no need to calculate goodwill … unless, of course, the question says “Goodwill is to be impaired by (say) 20%)
But goodwill is an asset of the group so it must be calculated for a question on consolidated statement of financial position
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