Dear Sir,
The fixed asset transfer has resulted in $200 (excess depreciation) deducted from cost of sales. My question is, why isn't this $200(×25%) added when calculating the NCI (Income statement) and isn't this $200 supposed to be added to the sellers profit?
Thanks in advance
Ask the Tutor ACCA FR
June 2011- Prodigal
Because no adjustment is made to the buyer's records on an intra-group transfer adjustment
All adjustments are made in the seller's records
"Isn't that a bit unfair on the nci - what if they complain?" I hear you ask
Tell them to sell their shares - they should have sold when they had the opportunity 6 months ago
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