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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › intention to dispose of Sub
Hi
Just want to know your thoughts about what will be the implication on financial statement if in question 1 we were given the following scenario.
Parent PLC had acquired 90% of Subsidiary PLC, several years ago. During the year it made the intention to dispose, say 30%, of the interest in Subsidiary PLC. However, the disposal of 30% was delay for another // following year.
I don’t think that classes as AHFS – it’s only a par disposal. And we did have control throughout the period ( even if we had managed to sell the 30% ) so a “normal” consolidation