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can any one plz explain how to treat pre-acq profits in sub, if the sub was acquired in middle of the year???? e..g Q Big(small and Tiny) in BPP kit. any one plz help ASAP….thx
i do not see the question…but i try to explain the thing…senior members are requested to second my explaination…basically pre acq profit is the thing we purchased from subsidiary…if the sub is acquired in the middle of the year then upto the date of acquisition all profits are pre acq profits and after the date of acquistion all profits are post acquistion profits…pre acq become part of goodwill working and NCI working proportionately……hope it will help
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