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Cima F2 > Chpt 12 Changes In Group Structure > Flashcards

Chpt 12 Changes In Group Structure Flashcards

1
Q

Disposal where control retained e.g. 80% to 60%

Dr/Cr

A

Debit parents cash⬆️
Credit noncontrolling interest⬆️
Dr/Cr parents reserves (balancing figure)

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2
Q

Increase shareholding of subsidiary

Dr/Cr

A

Dr NCI ⬇️
Cr cash ⬇️
Dr/Cr other components of equity

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3
Q

80% to 60% no disposal noncontrolling interest

Calculation

A

NCI ⬆️ 20% = (net assets (Equity SoFP) + GW)

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4
Q

No disposal, decrease holding

Dr/Cr

A

Dr cash received from sale⬆️
Cr NCI ⬆️
Cr/dr Parents equity

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Cima F2 (17 decks)

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