Under AASB 121 when an entity gains control of a foreign operation, the amount of the goodwill is measured in the functional currency of the foreign operation, not the functional currency of the parent.

Question

Quizplus · Accepted Answer

This is correct according to AASB 121. The goodwill is measured in the functional currency of the foreign operation, not the functional currency of the parent.

Under AASB 121 When an Entity Gains Control of a Foreign