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chasewoogie
Sep 21, 2009, 12:22 PM
How do I go about treating the acquisition of company A (subsidiary) by a parent company B in the books of the subsidiary?? Please note that B acquired 90% of A on 31st July 2009 and paid USD600,000.

i. What postings need to be made in the books of A - the subsidiary?
ii. What else should I be looking out for and how do I treat them?