scruge

I thought GAAP and IFRS both got rid of purchase method and its now “acquisition method”?
IFRS uses partial or full
GAAP uses full goodwill only
What if firm A bought 80% of firm B’s shares but had no board members or decision making? this would be accounted for using acquisition method correct? The 80% ownership counts as control?

scruge

Thanks guys. It is a relief to know that I can ignore the old method.