12:27 Jun 11, 2015 |
English language (monolingual) [PRO] Bus/Financial - Accounting / Consolidated Financial Statements/Annual Report | |||||||
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| Selected response from: Octavio Garcia Mexico Local time: 13:33 | ||||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +1 | The difference between the proceeds from the disposal of the subsidiary and its carrying amount as o |
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The difference between the proceeds from the disposal of the subsidiary and its carrying amount as o Explanation: The difference between the proceeds from the disposal of the subsidiary and its carrying amount as of the date of disposal, excluding the cumulative amount of any exchange differences that relate to a foreign subsidiary recognized in equity in accordance with Section 30 Foreign Currency Translation, is recognized in the consolidated statement of comprehensive income (or the income statement, if presented) as the gain or loss on the disposal of the subsidiary”. The word ‘excluding’ should be interpreted as ‘not taking the exchange difference into account in measuring the gain or loss on disposal’. Reference: http://www.ifrs.org/IFRS-for-SMEs/Documents/IFRSforSMEsFinal... |
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