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Why don’t we consider the acquisition percentage while calculating the revenue share from subsidiary?
Just as with the consolidated SOFP we prepare the statement as though the group is just one big company and calculate the profit for the group as a whole. After arriving at the profit we then show how much of the profit is attributable to the holding company and how much of it is attributable to the non-controlling interest.
Have you watched my free lectures on this? The lecture are a complete free course for Paper FA and cover everything needed to be able to pass the exam well 🙂
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