In the group financial statement, how do you account for a subsidiary that is in liquidation, presuming the liquidation process commenced before that accounting year and may extend beyond and also the liquidation is at the instance of shareholders. Can it still be consolidated?
I don’t believe that there are any specific rules that say the subsidiary cannot be consolidated. Even if it is being liquidated we still have control.
Thanks
Author
Posts
Viewing 2 posts - 1 through 2 (of 2 total)
You must be logged in to reply to this topic.
Cookies
We serve cookies. If you think that's ok, just click "Accept all". You can also choose what kind of cookies you want by clicking "Settings". Read our cookie policy