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investment in associate

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › investment in associate

  • This topic has 2 replies, 3 voices, and was last updated 12 years ago by kelly45.
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  • December 4, 2012 at 3:15 pm #56153
    ACCA
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    do we have to calculate profit in mid yr acquisition for associate ?

    December 4, 2012 at 3:40 pm #110132
    Sangria9
    Member
    • Topics: 25
    • Replies: 285
    • ☆☆☆

    Profits attributable to investor are since acqusition. So yes, bear in mind mid-year acqusition in your calculations

    December 19, 2012 at 5:43 am #110133
    kelly45
    Member
    • Topics: 1
    • Replies: 2
    • ☆

    I have the same answer. Yes you need to calculate profit in mid year acquisition.
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