Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Going concern basis
05-06-2010, 10:57 PM
Post: #1
Going concern basis
Assume that there are two companies A & B, during last year Company A acquired Company B on global level, but the merger scheme was not finalized. Subsequent to current year, the scheme is finalized by the two entities and it was agreed to merge both with Company A as the resultant entity. So if there is going to be a merger to two entities and one of the two entities will be the resulting entity, Please guide me in this respect that whether the financial statements of Company B should be prepared on going concern basis or otherwise.
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)