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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Disposal of subsidiary
Hi sir, all the net assets of the subsidiary must be removed from the statement of financial position(SOFP) .
That means both the NCI% and Parent % at the date of disposal must be removed from the SOFP .
Am i right sir ?
Correct – there is no longer a subsidiary so there’s no longer any goodwill nor even any nci
All gone!
