consolidated statement

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January 3, 2018 at 2:41 pm #427115
cindy7
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example 2.
sir, what makes you think the subsidiary consists of retained earnings on the date of consolidation? is it because our calculations show that it was included in the cost of investment?
when the say the fair value was more than the carry value..this is the profit/gain from sale of non current asset?
January 3, 2018 at 11:15 pm #427163
John Moffat
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I do not understand your first question. As far as your second question is concerned, there has been no sale – it is simply that the assets are worth more than the value appearing in the SOFP.
I do explain all of this in my free lectures.
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