- This topic has 4 replies, 3 voices, and was last updated 1 year ago by .
- You must be logged in to reply to this topic.
PQ Awards Nominations
Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Would PUP would be subtracted from the Cost of investment in Associate if the Associate sells to the Parent ?
No, the PUP is deducted from the share of profit of associate, regardless of the direction of the sale.
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.
That’s right, but it’s a double entry:
Dr Share of Profit of Associate
__Cr Investment in Associate
There’s your answer! Thanks