08 June 2010
Dear all, pls treat this query as urgent.. if an entity is holding 100% in its subsidiary...and in the current year, makes additional equity investment still holding 100%, will goodwill on consolidation arise?
Note 1: Goodwill did not arise during 1st investment note2: shares are issued at par
14 June 2010
If shares are issued at par, then how the goodwill will arise? I have purchased shares (face value of Rs. 100) by paying Rs. 100 only. Now at the time of consolidation, my investment and the share capital of the subsidiary will exactly square off.
CAclubindia
