Could you please help me with this. I would like to know how to account for other investment in consolidation. That is, the investor has made investment below less than 20% and has no significant influence over the invested company
For example company Z has made investment at cost 80. 60 is in subsidiary S ( Z owns 80% of S), 15 in associate D (Z owns 25 % of D) and an investment of 5 in E.
For the subsidiary part and associate part i know how to account for it. I just want to know what to do with the investment part in E
Please kindly note that I have invented this question in my head and might be wrong. If you have any good example please share with me.