If the capital and reserves, including fair valuation gain of a subsidiary, is 5,400 and the parent
Question:
If the capital and reserves, including fair valuation gain of a subsidiary, is £5,400 and the parent acquires the whole of it for £4,000, the difference of £1,400 would be known as:
(a) Goodwill
(b) Gain on acquisition
(c) Badwill
(d) Negative goodwill
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted: