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Stephen Widberg.
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Noah098
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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.
Stephen Widberg
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I have no idea – I’m sure it’s not in our study text!
It makes no sense at all.
Noah098
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