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CASE (Pharma and Phenol) - Pharma has ownership interest in Phenol - Uses equity method - Rep on BOD is no longer there, they are
CASE (Pharma and Phenol) - Pharma has ownership interest in Phenol - Uses equity method - Rep on BOD is no longer there, they are accounting for it in a hybrid FV method (no longer equity method) - Need to look at why they stopped using the equity method, are they allowed to do so, how they should be accounting for it going forward - 22% ownership.
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In this case it seems that Pharma has an ownership interest in Phenol and was previously using the e...
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
