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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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