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Carrying amount of investment disposed (8/60 × $95m) = (12.7)
Can you pls tell why figures of 8 & 60 are included here if carring amount is 95m?
Cost of 60% was 95. We are selling 8%. Hence 8/60.
Looks like this Q has got too many calculations for current syllabus – don’t spend ages on it.
🙂
i saw disposal of subsidiary in question sika over there they have calculated profit just by taking whole carring amount why they didn’t do 12*15/60?
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