For consolidationg questions, if for example it is stated that the impairment in associate is $300 000. Out of which, 100 000 relates to the current year.
For SOPL :
To calculate the Share of profit from investment in Associate .
- We only account for the current year impairment of $100 000 right ?
For SOFP:
To calculate investment in associate.
- We account for the entire impairment of $300 000 right?
For group retained earnings:
- We account for the entire impairment in associate of $300 000 right ?
Ask the Tutor ACCA FR
Business combinations
Yes, yes and yes
Thank you.
You're welcome
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