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    Company Accounting
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    Exam 10: Consolidation: Wholly Owned Subsidiaries
  5. Question
    Where a Subsidiary Has Goodwill Already Recorded in Their Books
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Where a Subsidiary Has Goodwill Already Recorded in Their Books

Question 32

Question 32

True/False

Where a subsidiary has goodwill already recorded in their books at the date of acquisition, such goodwill should be eliminated in full and then recognised on consolidation.

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