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u mean to say that the parents reserves should be credited by 15000? & debit recievables by 15000 & than cancel out???
The parent has invested in 600000 out of 1000000 of the 10% loan stock.. the total interest payable by the sub on the loan is 100000 (10% of 1 million) but the accrued interest in the current liabilities of the sub is 25000 the parent is entitled to interest of 600000 which it has not accounted for
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