When disposing a Subsidiary, should we remove all accumulated profits of that Subsidiary in the consolidated statement of changes in equity.
As the consolidated opening balance of the SOCE includes the accumulated profits of that Subsidiary.
Disposal of Subsidiary
Re: Disposal of Subsidiary
no, you remove assets and liabilities only,
you can think of it this way: disposal in current year does not impact reported profits in previous years
you can think of it this way: disposal in current year does not impact reported profits in previous years
Re: Disposal of Subsidiary
maybe there is cumulative fx translation in equity re that sub?