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Home > Business & Careers > Accounting   »   what are the journal entries in consolidation of a former associate now subsidiary

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Old Nov 8, 2007, 08:47 PM
jnyutu
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what are the journal entries in consolidation of a former associate now subsidiary
The holding company had 41.6% shareholding in company K and 3 months into the financial year, acquired the remaining 58.4%. How do I account for negative goodwill and what are the netting off entries on consolidation?

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