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Hi!
Can anyone help me understand one fundamental thing (June 2013 P2 question 1; workings 1 and 2) – why is the goodwill of $80 for Trailer in Park not aggregated to the total sum? Why is it only the goodwill of Park in Caller that is brought to the consolidated BS?
I understand that control over the sub-sub was gained after acquisition of the subsidiary, but still, why not recognize the goodwill in the subsidiary that was purchased after?
This is in contrast with what’s in the study books, as both goodwill’s are recognized there.
Thanks in advance!
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