Partnership as subsidiary - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7) +--- Thread: Partnership as subsidiary (/showthread.php?tid=7554) |
Partnership as subsidiary - noor4794 - 03-09-2010 A subsidiary of a company acquired partnership firm without consideration and without any share in Partner's capital account. The control was acquired by virtue of an agreement in which 51% of voting rights were obtained. Acquisition Date 1st October 2009 Pre Acquisition Loss Rs.306,543 Partner's Capital account Rs.308,000 (No contribution by holding Co) Acc. Losses @ 31 december 2009, Rs.512,259 Using above data can anyone suggest me treatment of goodwill/Bargain purchase, considering paragraph 44 of IFRS 3. |