Under IFRS how much is the profit recognised by Parent or Subsidiary in the following case:
FMV of asset sold to subsidiary $100 k
Original cost to parent $80k
Subsequently subsidiary with 70% controlling interest sold it to third party for $150k.
What would be the gain recognised by parent or subsidiary?
Thanks
FMV of asset sold to subsidiary $100 k
Original cost to parent $80k
Subsequently subsidiary with 70% controlling interest sold it to third party for $150k.
What would be the gain recognised by parent or subsidiary?
Thanks