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Associate

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Associate

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • February 21, 2017 at 10:37 am #373466
    peshy
    Participant
    • Topics: 21
    • Replies: 29
    • ☆☆

    Hi Mike
    Can a value of Associate @ CSFP @date be negative?

    February 21, 2017 at 12:13 pm #373475
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    No, I don’t believe it can

    If it were valueless you would impair it down to zero and you can’t own an asset that is negative so zero is rock bottom

    However if, for some reason, there is a liability connected with the investment in the associate (although I can’t imagine this happening so it’s pure conjecture!) the it would be the case that the liability arising from the investment would be shown

    But, even then, it surely wouldn’t be shown as a negative asset Investment in Associate

    Why do you ask – it has never appeared as an issue at F7 nor, to my knowledge, at P2

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  • The topic ‘Associate’ is closed to new replies.

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