Loan notes issued as consideration

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

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April 2, 2019 at 3:07 pm #511055
Anonymous
Inactive
- Topics: 11
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Hi,
If parent company has issued loan notes as a consideration what are the effects in statement of financial position?
April 4, 2019 at 7:12 pm #511229
P2-D2
Keymaster
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Hi,

We will DR Investment and CR Loan notes, and this will be measured at the par value.

Thanks
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