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in 2009 DEC PAPER
THE Grange acquired 100% of the equity interest of Sitin, than it disposal the 60% of the equity.
when I calculate the share of profit of association= PAT *disposal percentage*timing
I want to when decide use which percentage, should I use 100% or the 40%.
thanks!!For the purposes of the statement of financial position, you have to use 40%
For the statement of income, you need to time apportion the results of Sitin and apply 100% for the pre-disposal period and 40% for the post-disposal period
OK?
sorry, the answer from examiner in 2009 DEC of first Q, when calculate the share of profit association in group retain earnings, the examiner’s answer 3*10%? is that right?
just as you said, It should use the 40%.
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