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Thanks so much! A Question - How can you differentiate when a transaction should be recorded using the Business combination standard (acquisition method) or the Investment standard (Cost, Equity, FV)?
not sure why a customer contract is an asset in the example. if you have signed a contract and received upfront payment, it is a liability. if you have rendered services and have not been paid, it is A/R. so what is a customer contract in this example?
How goodwill/gain on bargain purchase is shown in cfs of parent.?? Is goodwillcome ,???...when a parent company has purchased 51 % share in newly incorporated company ..pls reply
