Past exam Dec '13 Q1

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November 9, 2016 at 7:38 am #348152
bojanbih
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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,
November 9, 2016 at 8:12 am #348162
MikeLittle
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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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