I have a confusion about what standard will apply if parent leased out its investment property to subsidiary and after 9 month subsidiary sublet it to third party.
What standard will apply in consolidated FSs. IAS 16 or IAS 40
Ask the Tutor ACCA SBR
Confuse about standard
5y ago#1Assume this is an operating lease
In parent's books -IP
In group books - before sub-lease - PPE; after sub-lease- IP
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