Goodwill-Consolidations

This topic has 7 replies, 3 voices, and was last updated 13 years ago by MikeLittle.

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December 9, 2010 at 10:41 am #46804
valentinat171
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Dear Mike,
Just wanted to confirm if companies still have a choice over a method of consolidation (with NCI’s goodwill and without) or has one of the methods been banned now please?
Many thanks,
Valentina
December 9, 2010 at 11:17 am #74070
MikeLittle
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If it’s been banned, could you please let me know!!!!
December 9, 2010 at 11:21 am #74071
valentinat171
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I don’t know as I am using a 2008 textbook and 2008 study kit…..
so, there were no changes since 2008 then?
The reason I am asking is because some fellow students mentioned it to me, so I wanted to confirm one way or another…
December 9, 2010 at 11:22 am #74072
MikeLittle
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Not to my knowledge. And in fuller response to your earlier post, no, no penalty for not adding up your balance sheet.
December 9, 2010 at 11:24 am #74073
valentinat171
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Thank you so much!
December 9, 2010 at 1:27 pm #74074
MikeLittle
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welcome
December 10, 2010 at 12:32 pm #74075
Anonymous
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In CONSOLIDATION INTRA-GROUP TRADING
Can U plz tell me treatment if an ASSOCIATE (40%) is selling Goods to our SUBSIDIARY (80%) at cost plus 40% Mark-up and 10 million of those goods are lying with subsidiary at year end?
February 1, 2011 at 1:12 pm #74076
MikeLittle
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It looks like reduce Assoc’s profits / ret ears by 2.857m. ( 10m* 40/140 )
Then, when calculating parent’s share of Assoc’s profits, that will be 40% * ( A’s profit after tax as reduced by this 2.857m )
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