HeatherW
31-05-11, 01:42 AM
Can you please explain (i) In a D shaped group the parent owns 60% of the subsididiary and the subsidiary has 25% of the Sub-Subsidiary and the parent has 30% of the Sub-Subsidiary. Please explain why there is an indirect holding adjustment of 40% of the subsidiary's investment in the sub-subsidiary & (ii) Why is the unrealised profit credited to inventory reducing the inventory by this amount and not the cost of the inventory?