Hi,
I am wondering if anybody has any advice about the accounting entries (UK GAAP) for disposing of a wholly-owned subsidiary company.
The company in question is not being sold, it's being closed and currently makes a profit (due to Transfer Pricing Adjustments) and will also hold assets at the time of closure.
I am trying to ascertain the impact on the consolidated company accounts, but it's been a while since I have done this and therefore would appreciate any assistance, so that I know I'm heading in the correct direction.
Thanks.
I am wondering if anybody has any advice about the accounting entries (UK GAAP) for disposing of a wholly-owned subsidiary company.
The company in question is not being sold, it's being closed and currently makes a profit (due to Transfer Pricing Adjustments) and will also hold assets at the time of closure.
I am trying to ascertain the impact on the consolidated company accounts, but it's been a while since I have done this and therefore would appreciate any assistance, so that I know I'm heading in the correct direction.
Thanks.