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Ask the Tutor ACCA FR

what if subsidiary gives loan to parent company ?

Sshean3y ago
how would the consolidated SOPL look like? Do we just eliminate OUR share of interest received? will the SOFP remain unchanged cuz its all a matter of cosmetics anyway? thanks
P2-D2P2-D2Tutor3y ago#1
Hi, No we eliminate the intra group loan on the SFP (asset and liability) as well as on the SPL (finance cost/investment income). Thanks.
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