Consolidated Financial statements
This query is : Resolved
23 November 2009
Dear Sir,
If subsidiary company already having Goodwill in the balance sheet and while preparing CFS for holding company the capital reserve arise.
Query:
1. Whether Capital Reserve can be set off against goodwill in subsidiary while preparing CFS?
2. if yes, whether it doesn't amount to impairement of Goodwill?
If subsidiary company already having Goodwill in the balance sheet and while preparing CFS for holding company the capital reserve arise.
Query:
1. Whether Capital Reserve can be set off against goodwill in subsidiary while preparing CFS?
2. if yes, whether it doesn't amount to impairement of Goodwill?
23 November 2009
Can u pl. explain how capital reserve arose for Holding company? Is it from a totally separate transaction?
23 November 2009
yes, Capital Reserve can be set off against goodwill. i do'nt able to understand about your second Query,please Explain.
24 November 2009
If capital reserve set off against goodwill of subsidiary comapany, whether amounts to Impairement of goodwill or not?
24 November 2009
no
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