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A parent company has 2 subsidiary. Subs 1 and subs 2. What is the double entries to record the transfer of shares from subs 1 to subs 2 in each of the subsidiary account. The recording of the shares is at book value or market value? Enlighten pls anyone..
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Is it a share to share exchange or share to cash exchange..if share to cash then nominal value in share capital rest in the premium. if share for share exchange i have no idea right now;-) but i guess record the market value of respective shares in capital and premium
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