A parent company may dispose all or part of its subsidiarys shares during a financial year. Give a detailed discussion on the appropriate accounting treatment for the disposal of subsidiarys shares.

In particular, you should analyse these two scenarios: (1) the parent company loses control over the subsidiary after the disposal (2) the parent company remains control over the subsidiary after the disposal

Provide examples to show (with journal entries and calculations) how the disposal should be presented in the parents separate financial statements and in the groups consolidated financial statements. Ignore tax effects.

Make up an example is alright.