Coate dec 12 part c — OpenTuition Forums

ZZainb8y ago

I didnt understand this bit in answer. In other words, whats the correct treatement “ this will require coate to quity accoubt for pattern within consolidated finnacial stat.” Plz clarify, thanks

P2-D2Tutor8y ago#1

Hi, Essentially we no longer have control of the subsidiary but joint control instead over a joint venture arrangement. To account for this we will equity account for the joint venture arrangement. Thanks

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