Pre-acquisition losses in subsidiary company, Financial Accounting

Assignment Help:

Pre-acquisition losses in subsidiary company on date of acquisition

If the subsidiary company has a loss on the date of acquisition i.e. a debit balance in the retained profits (profit and loss) account, then in computing good will, the entry to cost of control of profit and loss on acquisition will be reversed as follows.

     DR. Cost of control
            CR. Group retained profits
(With the holding company’s share of the loss)


Related Discussions:- Pre-acquisition losses in subsidiary company

Law, define law including contract and bankruptcy

define law including contract and bankruptcy

Ratio analysis, This subject has really beeen difficult for me. This is, by...

This subject has really beeen difficult for me. This is, by far, the most challenging assignment I have had to deal with. Please help! If someone can do it for me, that would be ev

Assets, all types of assets

all types of assets

What is primary financial purpose, Q. What is primary financial purpose? ...

Q. What is primary financial purpose? The primary financial purpose of a company is typically stated to be the maximisation of shareholder wealth and Sassone plc has declared p

Record the estimated bad debts expense, At year-end (December 31), Chan Com...

At year-end (December 31), Chan Company estimates its bad debts as 0.30% of its annual credit sales of $753,000. Chan records its Bad Debts Expense for that estimate. On the follow

Calculate the var, An investment has a 92% chance of making a profit of $10...

An investment has a 92% chance of making a profit of $10 million, a 1.5% chance of losing $4 million, a 3% of losing $6 million, and a 3.5% chance of losing $16 million. A)    W

Present value.., natasha kingrey to calculate present value of salary diffe...

natasha kingrey to calculate present value of salary differential for completing mba

Definition of bankruptcy, DEFINITION OF BANKRUPTCY Bankruptcy is another ...

DEFINITION OF BANKRUPTCY Bankruptcy is another key area of accounting . The issues addressed here deal with the properties of an individual (a sole trader or partner in a partner

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd