Start learning →

A negative goodwill result on acquisition is recognised as what?

AGain on bargain purchase
BDeferred liability
CCut in parent's capital
DIntangible asset
Answer & Solution
Correct answer: A. Gain on bargain purchase
A negative amount is recognised in profit or loss as a gain on a bargain purchase.
Practise this question with Quill — CA Final →

Keep practising Consolidated Financial Statements (Ind AS 110)

Browse all Consolidated Financial Statements (Ind AS 110) questions for CA Final, or explore more Financialreporting topics.

Start a Consolidated Financial Statements (Ind AS 110) lesson →
Related questions