The recoding of acquired goodwill in a business combination can only be made in the consolidated statements of the group.

Question

Quizplus · Accepted Answer

Goodwill is recorded in the consolidated statements of the group as it reflects the difference between the purchase price of the acquired company and the fair value of its identifiable net assets. Goodwill cannot be recorded in the individual financial accounts of the acquiring company.

The Recoding of Acquired Goodwill in a Business Combination Can