Hi John,
Could you please assist and advise how can we deal with investment income if it is sjown in statement of profit and loss of both Parent and holding.
Also there is some additional note regarding the investment income which says:
P acquired 75% of S shares. No dividends were paid by either entity during the year. The investment income is from listed investments and has been correctly accounted for.
Thank you
Ask the Tutor ACCA FA
Investment income in consolidated statement of profilt and loss
It will be shown in the SOPL of whichever company earned the income, and also in the consolidated SOPL.
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