alleryStart learning →Goodwill in consolidated statements is treated as what type of asset?
ATangible
BIntangible
CCurrent
DFinancial
Answer & Solution
Correct answer: B. Intangible
Goodwill is an intangible asset since it cannot be seen or touched.
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.
Related questions
Which business combination method has been disallowed under US GAAP since 2001?Goodwill can be recognised only through what?Acquirer pays Rs 60,000 for 100% of net assets with fair value Rs 40,000. Goodwill equals:A buys 100% of B for Rs 20 lakh. B's identifiable net assets at fair value are Rs 9 lakh. Goodwill arises when the price paid for a company exceeds what?A negative goodwill result on acquisition is recognised as what?Consideration transferred in a business combination is measured at:After acquisition, NCI is updated for its share of the subsidiary's: