Share Capital from Goodwill

Posted by mdoyle PM | on Thu, 07/02/2013 - 11:04 289 3 comments | report

A partnership has incorporated to a limited company and goodwill has been created and split between cash (to directors loan) and share capital.

My question is; when bringing this transaction into the accounts is there a special share capital account to use, i.e. share premium? special reserve? (assuming this is not a distributable share capital reserve), or would you lump it into ordinary share capital?

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blok | Thu, 07/02/2013 - 11:12

no problem.

mdoyle | Thu, 07/02/2013 - 11:39

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blok | Thu, 07/02/2013 - 13:45