Disposal of subsidiary$$s shares A parent company may dispose all or part of its subsidiary$$s shares during a financial year. Give a detailed discussion on the appropriate accounting treatment for the disposal of subsidiary$$s 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 accounted for in the parent$$s separate financial statements and in the group$$s consolidated financial statements. Ignore tax effect.