Investment in "X" group financials

[Alvin]

Hi guys,

I have an investment in "X" consolidated in my books (equity accounted) for which there is only one property in that set of books. This property has just been sold last week. What do i do with my investment in "X" in the consolidated books? thanks.

 

[bklynboy]

You still consolidate - from what I gather property was converted to cash and should have no impact on the investment carrying value. As long as the sub remains, just consolidate as always by recording the equity as your investment.