Hi, I have came across a case law in my MBA exam as below
'A' a non listed company invested in preference share of B another listed company for certain % of preference dividend
Due to pandemic 'B' had requested for waiver of preference dividend from 'A' and it grants the same.
Now what will be the treatment in the books of 'A'
Kindly clarify
A will not record finance income but will report it under write off head, make a disclosure
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