Holding and Subsidiary Consolidiated Financial Statement
This query is : Resolved
04 April 2008
Please guide me i get confusion in the following problem.
Suppose a parent company acquires 75% equity share on 1-10-2000 in a subsidiary company. Later on 31-03-2001 assets of the subsidiary company are revalued upward by Rs 200000 then, will the revaluation profit (reserve) of the subsidiary treated as Post acquisition profit or pre-acquisition profit. Or there is any other treatment, please suggest.
Suppose a parent company acquires 75% equity share on 1-10-2000 in a subsidiary company. Later on 31-03-2001 assets of the subsidiary company are revalued upward by Rs 200000 then, will the revaluation profit (reserve) of the subsidiary treated as Post acquisition profit or pre-acquisition profit. Or there is any other treatment, please suggest.
19 June 2008
It would be treated as pre acquistion profit....APPRECIATION IN CAPITAL ASSET
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