Goodwill arose from acquisition of overseas subsidiary

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May 11, 2020 at 11:05 pm #570580
lucie13
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Hi Sir

In the lecture of chapter 7 example 3 regarding the fx loss of $11m in goodwill due to different exchange rate used at the date of acquisition and at year end, are we saying that GW arose from overseas subsidiary is revalued at every reporting date for as long as we have the sub?

Thanks
Connie
May 12, 2020 at 4:03 pm #570646
Stephen Widberg
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Perfect yes – every year an XD will be reported in OCI
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