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Disposal of subsidiary sitka

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Disposal of subsidiary sitka

  • This topic has 1 reply, 2 voices, and was last updated 2 months ago by Stephen Widberg.
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  • November 22, 2022 at 4:55 am #672013
    Frooti
    Participant
    • Topics: 80
    • Replies: 75
    • ☆☆

    why they have calculated profit just by taking whole carring amount why they didn’t do 12*15/60?

    It is not clear from video.

    November 22, 2022 at 2:12 pm #672070
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2839
    • ☆☆☆☆☆

    As stated previously please give sufficient detail so that I and other students for not have to read or research the question Please use your own words to summarise the issue. Otherwise, posts may be deleted.

    In this Q the investment is being equity accounted (cost plus share of profits) for in the separate FS of the parent. After the disposal this would no longer be appropriate.

    So, the profit on sale is CASH plus FV OF REMAINING SHARES minus CA OF OLD INVESTMENT>

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