Question
Happy LTD acquird all issued shares of Bee LTD .On date of acquisition, Bee LTD had a contingent liability disclosed in its individual financial statement.
Happy LTD acquird all issued shares of Bee LTD .On date of acquisition, Bee LTD had a contingent liability disclosed in its individual financial statement. On consolidation, in relation to this contingent liability, the group will record:
a) a deferred tax liability
b) a reduction in goodwill
c) no record should be made
d) a deferred tax asset
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Get StartedRecommended Textbook for
Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
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