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Hi Mike,
Do you need to calculate goodwill separately if we have an associate prior to beginning of year and then further purchase of share to a subsidiary at acquisition.
?Thanks brian
Yes, in the exam room. But what do you mean “separately”? We no longer calculate goodwill for an associate. On acquisition, we replace that w2 calculation with a revised calculation to find “Cost of control” and ” …. employees’ relaxation station”
Hi Mike,
Thank you for your reply.
The question was based on the December 2007 paper. Goodwill was calculated separately for the increase of equity interest from an associate to a subsidiary for both a Sub and an associate. I guess the standard has changed since.
Employees relaxation room wasn’t sure what this implied!
Thanks
Brian
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