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Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
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case 1: if equity interest of 8% measured at FVOCI disposed off, FV of retained interest $0.5m greater than carrying amount, where does gain go? SPL or OCI?
case 2: equity interest of 8% measured at FVOCI, increased to 60% total. FV of retained interest $0.5m greater than carrying amount(like above), where does gain go? consolidated SPL or OCI?
If FVOCI – then everything is OCI.
Make sure you are not working questions more than 3 years old as there was a rule change.