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Dear Sir,
In working 2, for the group SOFP:When we calculate the share capital at acquisition and at year end, we just assume that at acquisition, the share capital was same as the year end figure. Why is this? Would it be possible that in certain questions the examiner will mention there was a change in the share capital?
Thanks
Also why is the subsidiary’s share capital not added with the parents share capital when we do line by line consolidation?
ThanksThere is unlikely to be a change in sub’s share capital
You only consolidate parent’s share capital
Can I recommend that you revisit our consolidation lectures in Financial Reporting
It’s been sometime since I passed f7, hence I have doubts here and there. Hoping to clear them through the SBR lectures. Thank you for replying sir, highly appreciate it
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