- This topic has 1 reply, 2 voices, and was last updated 2 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › gain/loss on disposal of investment(calc for inclusion in individual SPL)
sir wanted to confirm the following:
if we are given the carrying amount of investment in associate/subsidiary as at disposal date then we use that figure to compare with disposal proceeds and arrive at gain/loss on disposal to be included in the individual SPL.
However if we don’t have carrying amount of investment in associate/subsidiary as at disposal date then we use cost of investment in subsidiary/associate, is that right?
What you are saying is correct, but he normally only asks for the profit in the GROUP accounts.