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Dear Sir,
How was the Issue of the 175,000 resolved, the video did not show the final process, it seems to be the share of the NA that belongs to the NCI (25% Of 700,000)
Since the Parent is disposing 100% of its shareholding which is 75% and as a result of control, they were the ones preparing the consolidated books of accounts, at the disposition of the Sub, this could be an entry to close the NCI books. Dr NCI to remove all the amounts attributable to them and Credit Parent’s Reserves.
These are my thoughts off the caffe, let me know what the conclusion was on this matter.
Regards,
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