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Hello Sir!
This is regarding the CIMA paper (Sept 2013) we did in class as part of revision towards ACCA exams.
This question no.6 involves vertical consolidation (AZ,B & C as the parent,subsidiary & sub-subsidiary respectively).
My question is: How do you account for the last note which says, “The balance on ‘other reserves’ for both AZ and B relate to movements in the values of their investments in B and C respectively?”
Do we deduct the other reserves amount (3 for AZ and 2 for B) from the investments provided ($68m for B and $38 for C)?
And the other reserves figures should not be included in Net Assets calculation,right?
Thank you.
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