schoolboy55
Jul 20, 2009, 04:09 PM
What is negative goodwill? How is it reported in the consolidated balance sheet?
kenny-3
Jul 20, 2009, 07:18 PM
[QUOTE=schoolboy55;1869497]What is negative goodwill? How is it reported in the consolidated balance sheet?
You do not report negative goodwill on the book. You have to use pro rata for negative goodwill against plant asset and intangible asset.
The negative goodwill will be use to reduce plant asset and intangible asset