Dear Friends,
1. When Consolidation of Partnership firm by a Company is required ?
2. What informations are required to be included in CFS of the Company in this case ?
3. How Minority Interest and Goodwill/capital Reserve in this case is computed ?
Please kindly suggest.
Guidance Sought on Consolidating Partnership Firm with Company: Minority Interest, Goodwill, and Financial Statement Details A user inquired about the consolidation of a partnership firm by a company, seeking guidance on when it is required, what information should be included in the company's consolidated financial statements, and how to compute minority interest and goodwill or capital reserve. The response advised that the questions were broad and suggested consulting practicing professionals for detailed advice, as the forum is intended for discussing smaller issues. (AI Summary)
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