ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

Investment property

This topic has 3 replies, 2 voices, and was last updated 3 years ago by Stephen Widberg.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
May 29, 2021 at 10:03 am #622147
nk16
Participant
- Topics: 71
- Replies: 39
The company A has a subsidiary B …B has a property that rents to c and c is also another subsidiary of A …
So is this classified as investment property or ppe
May 29, 2021 at 5:36 pm #622208
Stephen Widberg
Keymaster
- Topics: 15
- Replies: 3355
In B’s FS – IP
In group FS – PPE
May 29, 2021 at 6:07 pm #622223
nk16
Participant
- Topics: 71
- Replies: 39
The company A should classify as Ppe rgt….
May 30, 2021 at 4:53 pm #622329
Stephen Widberg
Keymaster
- Topics: 15
- Replies: 3355
A does not own it so is not in A’s FS at all.
But, in A’s GROUP FS, PPE, as you say. it will be PPE.
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.