this statement appears in q26 of mock exam 2 morning session under the Nation Resorts Case Scenario. if negative goodwill recognized immediately as a gain then what is positive goodwill recognized as? can someone clear this up for me?
Positive goodwill is asset in consolidated books and negative goodwill also called bargain purchase is a gain since the acquirer paid even lower than the f.v of identifiable assets…!
wow interesting. there’s no way I would have guessed that. Thanks nokia!