A Ltd acquires 60% of B Ltd in 20X5.B Ltd has held a 70% interest in C Ltd since 20X0.In 20X4 the B group recorded $20 000 of consolidation goodwill impairment expense in respect of the C Ltd acquisition.Which of the following statements is true?
A) $12 000 of the B group impairment expense effectively disappears in the A group consolidation
B) The A group will recognise $20 000 of impairment expense
C) NCI of B group will not be assigned any impairment expense
D) None of the above is true
Correct Answer:
Verified
Q2: Mount Ltd owns 60% of the issued
Q3: Q4: Thorpe Ltd owns 70% of the Q5: Under AASB 127 all consolidation differences and Q6: A parent company can have direct and Q7: Consolidated statements include post-control reserves and profits
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