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If a company is sitting on losses and it sell one of its division having book value of 200 million for 250 million. So on a gain of 50 million it’s will be taxed or not.
Under Equity Method the Net Income is on Proportionate basis(Q7) and Under Full consolidation method, whole NI of the controlled company is taken is this correct ?. If yes then why Answer is C in Q10 instead of A ?
Can anyone explain NET PREMIUM EARNED NET PREMIUM WRITTEN