When to stop consolidated statements?

  • Creator
    Topic
  • #199164
    ahsq
    Participant

    Dear another71 folks,

    My question is about when would the parent company stop reporting a consolidated statement with it’s no longer acquired (now less than 50% shares control) subsidiary and return back to individual statements?

    The first date when the parent company loses 50% equity?

    The last date of the Fiscal Year the parent company loses 50% equity?

    The first quarter period of the Fiscal Year the parent company loses 50% equity?

    The last quarter period of the Fiscal Year the parent company loses 50% equity?

    And does it matter if the parent company is now having the cost or equity method(w/ signficant control) on the subsidiary?

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