Hi
If we take 2 tallied balance sheets and consolidate it, the CSFP doesn't tally.
It is a rule of thumb. Correct or wrong?
Note: With or without Intragroup transactions
Regards
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Consolidation procedures
Replies (2)
The procedures are very clear
Yes. Its not tallying because
bank money paid 10 in assets (investment at cost)
+
nci of five = 3 @ 60% acquisition
minus five (whole pre aq reserves) = how much? its eight goodwill
now
asseeeets will remain same because - bank + investment at cost
this is replaced by goodwill in consoolidated staytmeunt by eightta
now assets are mismatched in group
like that eiquaity is only parents, so how will tailly?
Why did you liea?
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