Would like to know if we will get a whole question on foreign subsidiaries or a consolidated question where foreign subs are featured and therefore represents a small fraction of the question?
If so, I want to make certain that I get it correct.
Please can someone point out what are the most important points I need to remember when consolidating a foreign subsidiary.
‘Usually’ one of the subsidiary is foreign.. Retranslation of the currency and exchange gains and losses should always be considered while solving a question