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The holding company transferred assets worth R6 million and liabilities worth R4 million to it's newly established subsidiary company. In IRFS terms, and when presenting the AFS, what terminology do i give the difference of R2 million ?. On the face of SOFP, i cannot name this difference "net a...

Hi

Company X (which was a division then) realised years later that their money was used used by company B, hence, they now want to disclose a loan. Yes, there is a dispute as Company B says, it was their money since Company X was merely a division. So, i am asking if this is indeed a loan or debt?

Please assist with the below, company X, which was a division of Company B, has recorded a loan to Company B in its book after it became a separate legal entity. The loan originated as follows: Company B used funds which were meant for its division at a time (i.e Company X), for its own operations (...