Consolidation Flashcards
1
Q
When should you allocate a share of the impairment to the NCI during the CSOFP & CP&L?
A
When it is measured at fair value
2
Q
When should you allocate all of the impairment of a sub during W2 of CP&L?
A
Always
3
Q
When should you allocate a % of impairment to the W5 retained earnings in the CSOFP?
A
When it is measured at FV
4
Q
When should you allocate all of impairment to the W5 retained earnings in CSOFP?
A
When measured on proportionate basis
5
Q
How is a revaluation surplis/gain recognised on consol
A
The revaluation surplus is simply split out between the parent and sub
