Goodwill

This topic has 1 reply, 2 voices, and was last updated 9 years ago by P2-D2.

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January 24, 2017 at 7:12 am #369150
chanskel
Member
- Topics: 2
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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?
January 26, 2017 at 9:18 pm #369863
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

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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