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Would i be correct to consolidate a subsidiary’s results with parent even if based on no of shares acquired is less than 50 % but there is a written agreement with other investors .Does the agreement confer right to then consolidate with parents own results?
This qn may sound strange but i wanted to understand what constitutes control (undet the 4 items listed on OT notes page 31)
thanksYes – it’s an example which is given within these notes where a comapny should consolidate the results of another even though the first company owns <50% of the shares. If there is an agreement with another shareholder which gives, in aggregate, control the the victim company should be consolidated into the results of the vulture
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