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can anyone tell me how to account for a bargain purchase with reference to goodwill?

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May 8th 2014 AN ACCA USER 240 Points

3 Replies

+1 Vote

bargain purchase is were the consideration and non controlling interest value is less than the fair value of the subsidiary net asset. which means u have paid less than what u are expected to pay so u add it to retained earnings.

May 10th 2014 AN ACCA USER 680 Points
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Is bargain purchase relevant to paper f9?
May 13th 2014 AN ACCA USER 1,180 Points
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✪ Any one interested for F9 summary+revision notes for march 2017 ?
Step 1 ✅ Click on vote
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✪ F9 summary notes, ✿ F9 revision notes,

February 24th 2017 AN ACCA USER 17,840 Points