Consolidation of financial statements
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2012
We are a EPC Company, we are a subsidiary of manufacturing company.
In the current year we executed the power plant and sold the same to our parent company.
The parent company has capitalized the same and it claims depreciation on it.
What will be the effect of the above transaction while consolidation of the financials of Holding company?
In the current year we executed the power plant and sold the same to our parent company.
The parent company has capitalized the same and it claims depreciation on it.
What will be the effect of the above transaction while consolidation of the financials of Holding company?
Guest
Guest
(Expert)
01 March 2012
In this case any inter company profit booked should be eliminated at tym of consolidation.
Guest
Guest
(Expert)
01 March 2012
In this case any inter company profit booked should be eliminated at tym of consolidation.
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