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Goodwill

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Goodwill

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.
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    Posts
  • June 1, 2021 at 8:52 pm #622702
    Nandhakrishnan
    • Topics: 10
    • Replies: 10
    • ☆

    Negative goodwill (gain on bargain purchase) arises when the acquirer’s i Interest in the fair value of the acquiree’s identifiable net assets exceeds the cost of the bu siness combination.
    Which of the following does IFRS 3 state must be carried out when this arises?
    (1)Reassess the amount at which consideration has been measured
    (ii) Reassess the amount at which the acquiree’s identifiable net assets have been measured
    (iii)Take any excess immediately to the statement of profit or loss
    (iv) Recognise the excess in the statement of profit or loss over the life of th non monetary assets (recognising the gain as the assets are used)
    A (iii) only
    B (ii) and (iii)
    C (i), (ii) and (ii)
    D (i), (ii) and (iv)

    June 3, 2021 at 9:39 pm #623005
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6115
    • ☆☆☆☆☆

    Sorry, but what is your question? Let me know and I’ll happily help out.

    Thanks

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