Question: When a company sells equipment that had previously been remeasured

When a company sells equipment that had previously been remeasured to fair value under the revaluation model of IAS 16, it transfers the revaluation surplus from accumulated other comprehensive income directly to retained earnings. What adjustments must be made to accumulated other comprehensive income when preparing consolidated financial statements if the sale is from the parent to the subsidiary?

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  • CreatedJune 08, 2015
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