1 How does the recording of goodwill by the subsidiary affect the accounting for the group 's goodwill 2 If, in subsequent years, goodwill is impaired, for example by $10 000, should the impairment loss be recognised in the records of Hydra Ltd or as a consolidation adjustment ...

1 The goodwill recorded by the subsidiary affects the adjustment to goodwill on consolidation If the ...

1. How does the recording of goodwill by the subsidiary affect the accounting for the group's goodwill...

Question:

1. How does the recording of by the subsidiary affect the accounting for the group's \?
2. If, in subsequent years, is impaired, for example by $10 000, should the impairment loss be recognised in the records of Hydra Ltd or as a consolidation adjustment?
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...