Using full goodwill method,share of goodwill attributable to the non-controlling interests is recognised in the statement of financial position as part of non-controlling interest in equity.

Question

Quizplus · Accepted Answer

This statement is correct. Under the full goodwill method, the share of goodwill attributable to the non-controlling interests is recognized as part of non-controlling interest in equity in the statement of financial position. This is based on the principle that non-controlling interests should be measured at their proportionate share of the subsidiary's identifiable net assets, including their share of goodwill.

Using Full Goodwill Method,share of Goodwill Attributable to the Non-Controlling