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Explain the Following Statement

question 33

Essay

Explain the following statement:
'When reconciling the investor's interest in an associate's net assets to the equity accounted carrying amount of the investment in the investor's financial statements,the unimpaired balance of goodwill will be a reconciling item.'


Definitions:

Economically Important

Referring to plants, animals, or minerals that have considerable value or significance to human economies.

Cycads

Ancient seed plants with a large crown of compound leaves and a stout trunk, often mistaken for palms or tree ferns.

Ginkgo

A member of an ancient gymnosperm group that consists of a single living representative (Ginkgo biloba), a hardy, deciduous tree with broad, fan-shaped leaves and naked, fleshy seeds (on female trees)

Nonmotile Sperm

Sperm cells that lack the ability to move or swim, which can affect fertilization capabilities.

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