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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,
ValentinaI 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…Not to my knowledge. And in fuller response to your earlier post, no, no penalty for not adding up your balance sheet.
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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?
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