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Hey, what is the accounting entries for share reduction of subsidiary by 75% , where the share capital of 75% is being refund to the respective shareholders. Previously there is an impairment loss recognise last year. The shareholding of the subsidiary is 60%. There is no consolidation as there is another ultimate holding company. Thank you
Where have you got this horror from? Did you dream it and wake up screaming and kicking at the bed covers?
I’m not really sure that I understand the detail within the question.
Is this a subsidiary company that is reducing its share capital from 2,000 by 75% down to 500?
Is it a parent company that is reducing its holding in a subsidiary from 80% by 75% down to 60%?
What’s the significance of the impairment last year?
What is meant by the line “The shareholding of the subsidiary is 60%”?
I have asked these questions but I would not be upset if you didn’t answer them! This is a horrible question and I am not looking forward to hearing from you with the missing details.
Where have you got it from?
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