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Gain in parent and gain in group

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Gain in parent and gain in group

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • September 30, 2014 at 10:58 pm #202707
    rameez13031988
    Participant
    • Topics: 42
    • Replies: 54
    • ☆☆

    The question relates to the chapter 4 changes in composition of a group… The gain\loss in group was not included in con. retained earnings because the whole interest in the sub is sold at y\e right??(Diana and liga question)… The GAIN IN PARENT is included in retained earnings in the Diana and liga question but it was not included in the raimanda and dainius question why?(in raimanda and dainius question holding was 80% and 20% was sold)

    October 1, 2014 at 7:45 am #202739
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    There are no consolidated retained earnings at the year end – there is no subsidiary at the year end so no consolidation!

    In Raimonda 60% was sold not 20%. And the 60% is 60% of the 80% holding so 60% x 80% = 48% sold

    We don’t know what the retained earnings of Raimonda look like after the disposal has been accounted for – we’re not asked for the figure. In Diana the Diana situation is shown because Diana is now the only company (having disposed of Liga at the year end)

    October 1, 2014 at 9:34 pm #203149
    rameez13031988
    Participant
    • Topics: 42
    • Replies: 54
    • ☆☆

    Ok understood… Actually the 20 % sold was a typing error… thanks anyways…

    October 2, 2014 at 6:00 am #203178
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    You’re welcome

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