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P2-D2.
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sahersk
- Topics: 30
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Hello!
Would PUP would be subtracted from the Cost of investment in Associate if the Associate sells to the Parent ?
P2-D2
- Topics: 4
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Hi,
No, the PUP is deducted from the share of profit of associate, regardless of the direction of the sale.
Thanks
sahersk
- Topics: 30
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Umm okay.. but the Kaplan study text says that PUP should be subtracted from the Investment in Associate regardless of the direction of the sale.
mklymenko
- Topics: 3
- Replies: 15
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That’s right, but it’s a double entry:
Dr Share of Profit of Associate
__Cr Investment in AssociateP2-D2
- Topics: 4
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There’s your answer! Thanks
sahersk
P2-D2
mklymenko
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