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where there is a partial disposal of a subsidiary during the year, are the reserves of the subsidiary included in the sofp up to the date of loss of control?
bpp text book have included it. to me this is not logical as there is no subsidiary at the year end and the sofp represents the position at the year end. please can you explain?
thank youUp to the date of loss of control – yes, the parent’s share of the post-acquisition profits are accumulated within the group retained earnings figure
Check out the examples in the course notes and videos on this site for “changes in group structure”
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