Ravi Reddy (student) 03 May 2019
Ours is a head office, and our subsidiary made an investment in abc ltd in 2011from XYZ Ltd and there was some issue in purchase consideration, and we made 20L and remaining 12L is shown as acquisition payable in acquirer company. and from 2011 we are taking that stepdown subsidiary into our consolidation.and in 2018 the court given judgment favour to Xyz Ltd.ano xyz ltd we transfferd our total shares to xyz ltd.
how we have show our invetment loss of 20L in balance sheet and from 2011 to 2018 we taken abc ltd financials i our consolidation. so the profits accumulated in the reserves of the previous year consolidated BS. and how to treat the investment loss and acoumulated profits in the balance sheet .
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