Hi all,

Can you please help me with the following queries. Thanks in advance!

1. Goodwill – On consolidation, is it possible to actually increase goodwill figures or can goodwill only be reduced/impaired?

2. IFRS 3 states that negative goodwill is to be credited to the income statement. So if we CR Income, what’s the other double entry?

Apologies if the questions are basic!

Thanks