Discuss whether Vietnam Ltd is a parent of Tonga Ltd.

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 01:10 PM

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Discuss whether Vietnam Ltd is a parent of Tonga Ltd.

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Vietnam Ltd holds convertible debt in Tonga Ltd that would on exercise give it 70 of Tonga Ltd However this would result in a substantial increase in Vietnam Ltds debtequity ratio raising doubts about ...View the full answer

Applying International Financial Reporting Standards

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