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Stephen Widberg.
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james8500
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Hi Sir
I am confused with the process of a step disposal from Associate to Financial asset.
Not sure whether the Assoc is revalued first or whether it should be completely disposed of at carrying value, a gain/loss recognised in the account and a Financial asset then recognised.
Could you confirm the process please.
Thanks
Stephen Widberg
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Dr Fin asset (FV of shares retained)
Dr Cash
Cr Associate (existing CA)Balance to P&L
🙂
james8500
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