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Articles tagged with: DISCOUNTINUED OPERATION

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[11 Mar 2009 | One Comment | 2,713 views]

Dear Experts,
A Parent Company
B Subsidiary of parent company
C Joint Venture company : Share capital
Accumulated losses
B has adopted equity accounting to book the loss or profit of C.
C is under liquidation in next year and net assets distributed in JV partners.
How to book liquidation entries in the …