09-28-2003, 08:39 AM
Well, interesting topic infact situation, there can be two options, but i think Mr. Pervez will better be able to explain,
The assets can be allocated on the basis of cost of these assets appearing in the latest audited financial statements of the seller company, (if there is any restriction in law or accounting pronouncement, then please let me know)
and secondly the company can get its assets revalued, and record the assets on the revalued amount and negative goodwill.
S M R
The assets can be allocated on the basis of cost of these assets appearing in the latest audited financial statements of the seller company, (if there is any restriction in law or accounting pronouncement, then please let me know)
and secondly the company can get its assets revalued, and record the assets on the revalued amount and negative goodwill.
S M R
