Gain on bargain purchase in consolidated accounts

LLavenite7y ago

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!

P2-D2Tutor7y ago#1

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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