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professional fee incurred because of acquisition

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › professional fee incurred because of acquisition

  • This topic has 0 replies, 1 voice, and was last updated 7 years ago by accalmz.
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  • December 1, 2015 at 9:54 am #286672
    accalmz
    Member
    • Topics: 19
    • Replies: 12
    • ☆

    dear sir,

    how would the parent account for the professional fee that was incurred in its acquisition of its subsidiaries? If the parent has included it in the cost of the investment, (so capitalized rather than expensed), then the consolidated income and retained earnings would not be affected right?

    thanks!
    Lm

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