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Subsidiaries acquired to resell

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Subsidiaries acquired to resell

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.
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  • November 14, 2019 at 1:55 pm #552642
    alikhakar
    Participant
    • Topics: 187
    • Replies: 79
    • ☆☆☆

    When a subsidiary is solely acquired for the purpose of resell it is valued at FV less cost to sell (IFRS5)
    Do we charge this ‘cost to sell’ in group SOPL? Including it in “discontinued operation” Or separately?

    Thanks for your time

    November 15, 2019 at 3:31 pm #552723
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    Sub’s results and expected loss – all in discontinued operations.

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