- This topic has 1 reply, 2 voices, and was last updated 7 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
-P acquires 30% holding in A for $1000.
-Further 40% acquired for $6000
(Fair value of previously held interest is $4000)In question paper Investment in A is given at cost i.e 1000 (30%)+ 6000(40%).
When we assume disposal of previously held interest (30%), we compare fair value of 30% $4000 with (which of them?)
-Carrying amount of associate(cost+share of profits)
or
-Carrying amount in question at cost i.e $1000 for 30%
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.