Once control over a subsidiary has been lost,the parent entity must derecognise the individual assets,liabilities and equity including any non-controlling interest relating to that subsidiary.

Question

Quizplus · Accepted Answer

When control over a subsidiary is lost, the parent entity must derecognise the individual assets, liabilities and equity including any non-controlling interest relating to that subsidiary in accordance with the relevant accounting standards.

Once Control Over a Subsidiary Has Been Lost,the Parent Entity