Accounting for shares received on demerger
This query is : Resolved
29 November 2011
I had 6000 shares of Indiabulls realestate.
The company demerged into Indiabulls wholesale and issued 1 share for 8 shares held in Indiabulls realestate. (The record date was 25/04/2011 and the shares were listed on 16/08/2011)
My query is at what amount should I record the above shares received from resulting company?
The company demerged into Indiabulls wholesale and issued 1 share for 8 shares held in Indiabulls realestate. (The record date was 25/04/2011 and the shares were listed on 16/08/2011)
My query is at what amount should I record the above shares received from resulting company?
12 May 2012
The cost of the new shares (shares in the resulting company) shall be the cost of the original shares (shares in the demerged company).
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