Associate-Deferred TaxForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Associate-Deferred TaxThis topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 24, 2015 at 8:38 pm #268394 MaryaParticipantTopics: 3Replies: 2☆Hi Mike,When an associate makes sale to parent or parent makes sale to associate, when we reverse unrealized profit in the transaction, how do we record deferred tax asset or liability arising in the transaction.Thanks! August 24, 2015 at 11:44 pm #268412 MikeLittleKeymasterTopics: 27Replies: 23215☆☆☆☆☆We don’t. It’s a consolidation adjustment only. The figures in the individual companies’ own financial statements won’t changeOk?AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In