Coate dec 12 part c

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March 6, 2018 at 5:33 pm #440733
zkaay
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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
March 7, 2018 at 10:09 am #440939
P2-D2
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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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