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Hi, i wanted ask why when we partially disposed off the shares in a subsidiary, we can’t deduct the proceed from our investment previously paid for the acquisition?
Hi,
You need to be careful of the treatment in the individual accounts of the parent and the group accounts, as it is different in each.
The treatment you refer to above is that done in the parent’s accounts where we DR Bank CR Investment.
The treatment in the group accounts is based on the substance of the transaction, which is a change in ownership.
Thanks
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