Gain on bargain purchase in consolidated accounts

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

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February 8, 2019 at 7:12 am #504472
lavenite
Member
- Topics: 13
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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: 7235
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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