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Question · The subsidiaries' reporting dates

Pin SA, a subsidiary of Orme SA, has a 30 November year end while Orme's is 31 December. Preparing additional information as of 31 December is impracticable for Pin (case data). Pin sold a major asset in December. Write a short note stating how Orme treats Pin's statements in the consolidation, distinguishing case facts, rule and professional judgement.

Your answer

Judgment question: compare your answer with the criteria and the model explanation.

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