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dear tutor when we are preparing the chart of “Value of net assets at reporting date” then do we include any revaluation gains of subsidiary during the year since acquisition and add it to Other Components of Equity balance c/f from FV of net assets at acquisition chart.
say $2m revolution gains in the yr since subsidiary’s acquisition. OCE balance at acq date $5m, then at reporting date does OCE balance increase to $7m?
I don’t know what these charts are – they sound like workings for a full consolidation. Full consolidations are no longer examined. Review the questions from the last few years to make sure your focus is correct.
If it helps we only consolidate gains / other reserve changes SINCE ACQUISITION.