Post Reply 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Partnership as subsidiary
03-09-2010, 12:53 AM
Post: #1
Partnership as subsidiary
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.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 

Forum Jump:

User(s) browsing this thread: 1 Guest(s)