How you treat consideration in the consolidated sfp


Question: If the parent company borrowed $90,000 at 10% on 01.04.2018( the acquisition date) to acquire 70% of voting rights of the subsidiary company, this liability is due to 01.04.2020(2yrs time), the reporting date now is 31.03.2019, the parent company already put $90,000 as investment costs in non-current asset. How would you treat this in the consideration and in the consolidated SFP?

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Accounting Basics: How you treat consideration in the consolidated sfp
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