Q

Financial Reporting

In order to take net value of assets in this q, why are we taking 1280? Isnt this inclusive of goodwill?Shouldn't we de recognise 1190, derecognise full goodwill at 90, and then show inv in subs at 1190*10%.Why are we including goodwill instead of seperately derecognizing it fully?Is it also in proportion to the stake sold?But dont we recognise goodwill when control is obtained, and we should de recognise completely at the time of disposal of even 90%, because control is lost, and we should only show inv in subsidiary in books? [Video Time Stamp: 06:16] Video Details ------------- Consolidated Financial Statements under Ind AS Consolidated Financial Statements under Ind AS #28. Illustration 17

SANSKRITI BADRI 2111339

CA Final

★ 4K+

15-Mar-26 17:10

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Answers (1)

When control is lost entire goodwill and net assets are derecognised. So in this case, we have derecognised entire 90 of goodwil and net assets. The 10% stake retained is valued at fair value.

CA Suraj Lakhotia

Admin

24-Mar-26 10:18

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