Q Traveler BPP

1. Traveler is a very old question that is no longer in the BPP kit However I can confirm that your understanding of stage to an stage three impairment is correct 2. The parent can charge the subsidiary whatever it wants There is no ethical issue - in practice there may be a problem if the subsidiary has a minority shareholder who is affectively being ripped off - but that's more relevant to the law paper However it would cause problems for taxation because the tax authority might wish to use arm's-length price but that would be outside the syllabus