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Gain on bargain purchase in consolidated accounts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Gain on bargain purchase in consolidated accounts

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  • February 8, 2019 at 7:12 am #504472
    lavenite
    Member
    • Topics: 13
    • Replies: 5
    • ☆

    Hi,

    How would a gain of bargain purchase be treated in group accounts?

    I assume it will be added in the consolidated SOPL and added in the Parent’s retained earnings as well?

    Thanks!

    February 10, 2019 at 10:07 pm #504667
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7060
    • ☆☆☆☆☆

    Hi,

    Yes, a gain on bargain purchase is taken as a credit entry through profit or loss (parent’s column) and then through the group retained earnings.

    Thanks

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