Hi
Say we gave out a loan to a parent company which owns my company 100% and now that parent company has been bought off and new shareholders account for the loan as goodwill in their books . now how do i account for that loan now in my books?
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Goodwill
9y ago#1Hi,
The loan will remain the same in your books, it is just now owed to a different lender. On consolidation thought it will still be eliminated in the group accounts.
Thanks
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