If a company is issuing shares to its parent compnay on stage by stage basis then what will be procedure to calculate goodwill and minority interest.
on 20/03/2008 – suppose a Company (ABC) – subsidiary comapny issues shares to its parent company (XYZ). at that time the % of share holding of parent is 33% and again on May 2008 ABC issues shares to XYZ. After the 2nd allotment the holding of XYZ becomes 70%.
Now please advice the method for calculating goodwill and minority interest for the Financials as on 31.12.2007.