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Ask the Tutor ACCA FR

Past exam Dec '13 Q1

Bbojanbih9y ago
Hi MIke, could you please help me to understand calculation of consolidated RE? I have a problem to understand implication of negative G/W. Thank you in advance. Regards,
MikeLittleMikeLittleTutor9y ago#1
Negative goodwill? Add it into the consolidated retained earnings at the first opportunity ie in the financial statements for the first financial year end subsequent to the acquisition
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