- This topic has 1 reply, 2 voices, and was last updated 1 year ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Dear sir
When preparing the consolidated income statement
It is only when subsidiary sells goods to parent we deduct the unrealized profit from profit for the year of subsidiary and multiply with the NCI proportion.
But when parent company sells goods to subsidiary, we simply consider the subsidiary profit for the year and multiply with the NCI share.
Is this correct
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.