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Consolidate or not?

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Consolidate or not?

  • This topic has 0 replies, 1 voice, and was last updated 6 years ago by chun88.
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  • August 28, 2019 at 5:00 pm #543589
    chun88
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    • Topics: 1
    • Replies: 0
    • ☆

    Dear Tutors,

    I’ve encountered a rather strange situation and was wondering whether you could help.

    Company A owns a 20% shareholder in Company B, this will be regarded as an associate and thus no company consolidation is required.

    However the 80% shareholder of company B, an individual, is also the 100% shareholder of Conpany A, in this situation is company B a subsidiary or associate?

    Thanks!

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