Hi, I’m struggling with fully disposing a subsidiary if anyone could help. When sell, I eliminate the investment,include the consideration and put profit (&tax) on disposal to R/E (via P&L) for the parent. I think I’m happy with this part.
After this I do another comp for profit on disposal for the group. This goes into P&L but where is the corresponding entry? If R/E then am I not double counting the profit on disposal?