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Restructuring provision for disposal of subsidiary

This topic has 3 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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December 3, 2020 at 8:28 am #597452
ghulam98
Member
- Topics: 19
- Replies: 15
if a subsidiary has losses and we dispose them what provisions are made in detail with all the elements in then provision
December 3, 2020 at 9:37 am #597456
Stephen Widberg
Keymaster
- Topics: 15
- Replies: 3369
Cannot provide for losses. You would impair the assets of the subsidiary.
December 3, 2020 at 9:43 am #597461
ghulam98
Member
- Topics: 19
- Replies: 15
and what about the subsequent entries after the sale ??
December 3, 2020 at 9:58 am #597470
Stephen Widberg
Keymaster
- Topics: 15
- Replies: 3369
There are no subsequent entries – once it is sold, it is sold.
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