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consolidation question
Posted by Anonymous on Fri, 03/07/2009 - 15:19
hi everyone,
2 subsidiaries and holding company in a group. A Ltd transfers a capital asset below cost to the B Ltd.
In the A's books there is a loss on asset disposed in B's books there an acquistion of the asset below cost.
What the accounting entries for the consolidation in the profit and loss, balance sheet and cash flow are there any notes to be made fro this transaction?
Thanks
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