Subsidiary held for sale

This topic has 2 replies, 2 voices, and was last updated 8 years ago by fatimasaid123.

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November 14, 2017 at 7:49 am #415671
fatimasaid123
Member
- Topics: 7
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Hi,

If in q 1 it is stated that a subsidiary is held for sale, how to we account for it in the consolidated statement of financial position? Is goodwill form this subsidiary included in the consolidated SOFP?

Thanks
November 19, 2017 at 8:43 pm #416740
P2-D2
Keymaster
- Topics: 4
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Hi,

If it is held for sale then it is held as one line item in the group accounts.

Thanks
November 24, 2017 at 6:02 am #417722
fatimasaid123
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Thank you.
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