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Sir, Mr moffat, i have watched the lecture, you did not mention where the figure in Investment goes.
p invests 100% in S. cost of investment in S is $10,000 where does this figure go, is it added to parents share capital? help me please.I certainly do mention how we deal with it, and it certainly does not get added to share capital!
The whole purpose of consolidating is to replace the cost of the investment with the net assets of the subsidiary. The cost of the investments is dealt with in the calculation of the goodwill arising on consolidation.
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