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    schoolboy55's Avatar
    schoolboy55 Posts: 1, Reputation: 1
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    #1

    Jul 20, 2009, 04:09 PM
    Negative goodwill
    What is negative goodwill? How is it reported in the consolidated balance sheet?
    kenny-3's Avatar
    kenny-3 Posts: 5, Reputation: 1
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    #2

    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
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