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Subject Topic: can someone confirm (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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aimtobeacpa
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Posted: 24 Oct 2010 at 13:03 | IP Logged  

in consolidation problems, when we subtract excess of FV in problems to find goodwill...

is excess of FV for land subtracted or not....bec i think i came across problem where they had ignored for land and considered only if equipment or inventory....but i cam across in becker where they have subtracted value of land...




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aimtobeacpa
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Posted: 25 Oct 2010 at 12:50 | IP Logged  

anyone?

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pearljam10
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Posted: 25 Oct 2010 at 15:12 | IP Logged  

i think it should be added back if the fmv increased for consolidations.  Someone correct  me if I am wrong. 

Can u post the problems?  Thank you

R u sure it was consolidations or an equity problem

 

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aimtobeacpa
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Posted: 25 Oct 2010 at 19:56 | IP Logged  

actually i think i will be able to do tht when i revise this topic again...presently i am doing some other topic....this just crossed my mind so i thought i will confirm from u guys....if u come across than do let me know..

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