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Stephen Widberg.
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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › FV of subsidiary’s net assets @ acquisition and reporting date
sir my study text states that goodwill in the accounts of subsidiary will be deducted from FV of net assets at acquisition date and reporting date. Why so? Goodwill is an (intangible) asset, so then why deduct it? Net assets means adding all assets and deducting the liabilities.
I have no idea – I’m sure it’s not in our study text!
It makes no sense at all.