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Dear Mike
If the parent made additional acquisition in subsidiary by subscribe in new shares issued by subsidiary and increased the percentage of ownership for example from 51%to 53%
What the transaction should made? Should the parent record profit or loos between consideration and percentage of new assets that acquired?
Please help what the transaction on consolidation levelHi,
This is a step acquisition and is not on the FR syllabus, you’ll have to wait until SBR to study this scenario.
Thanks
Chris
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