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Hi i am a bit puzzled by this. When prepare Consolidated Income Statement (Parent & Sub) , do we deduct all goodwill imparement, or just Parent’s share of goodwill impairement on the face of the statement?
Many thanks.
Look if the question tells us to calculate the Goodwill on Full Fair Value method, then we deduct the whole Impairment from Goodwill and the Group share from Consolidated Retained Earnings and the Subsidiary’s share from NCI but if it is Proportionate Basis then we only deduct Impairment from Goodwill and NCI.
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