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Sale of interest in subsidiary without losing control

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Sale of interest in subsidiary without losing control

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by mosaddeque.
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  • Author
    Posts
  • May 2, 2016 at 10:35 am #313324
    mosaddeque
    Member
    • Topics: 1
    • Replies: 6
    • ☆

    Dear Tutor,

    when a parent company sells partial interest in a subsidiary company without losing control the difference between sale proceeds and increase in non-controlling interest is accounted within ”other components of equity”. My question is : is there also a corresponding entry in “other comprehensive income” ?

    May 2, 2016 at 10:06 pm #313416
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    There isn’t any entry to OCI as the change is dealt with in the statement of changes in equity.

    Thanks

    May 3, 2016 at 7:46 pm #313576
    mosaddeque
    Member
    • Topics: 1
    • Replies: 6
    • ☆

    Thank you very much 🙂

  • Author
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