Can capital reserve and goodwill both be shown at a time in consolidated balance sheet if they pertain to two different subsidiaries??
ACCOUNTANT (Student) (559 Points)
09 June 2020Can capital reserve and goodwill both be shown at a time in consolidated balance sheet if they pertain to two different subsidiaries??
Padmanabhan
(Student)
(1321 Points)
Replied 09 June 2020
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 09 June 2020
Parent consolidated statements will show them both as reserves and goodwill for any number of subsidiaries.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)