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Please help me!
For what I know, the gain on revaluation of the previously held interest is taken to profit or loss for the year, hence to retained earnings. (for FV through P/L)June 2013 (Equity investment to Sub)
2012 14% 280m
2013 14% 310m
? Why the gain of 30m in Trailer’s books on Trailer’s investment in Caller need to be reversed from Retained earnings on consolidation? ?June 2012 ( equity investment to SUb)
Robby buy 80%,
treat investment at fair value through OCI
cost of investment 50m
Financial statement of individual = 55m
? why the revaluation gain of 5m which needs to be reversed out from other component of equity? ?June 2014
Merchant own 60% , and then dispose 8% ..
showns gain and loss in other comprehensive income
in 2013, carrying vale of investment =90m
in 2014, before the disposal carrying value= 95m
?why the gain on revaluation of investment is eliminated? ?
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