Disposal of subsidiaryForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Disposal of subsidiaryThis topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts February 25, 2017 at 10:15 am #374108 Anuja NairMemberTopics: 365Replies: 353☆☆☆☆Hi sir, all the net assets of the subsidiary must be removed from the statement of financial position(SOFP) .That means both the NCI% and Parent % at the date of disposal must be removed from the SOFP .Am i right sir ? February 25, 2017 at 11:39 am #374132 MikeLittleKeymasterTopics: 27Replies: 23137☆☆☆☆☆Correct – there is no longer a subsidiary so there’s no longer any goodwill nor even any nciAll gone!AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘Disposal of subsidiary’ is closed to new replies.