Consolidating a 70% owned fund?

Question

We consolidate an 70% owned fund and account for the remaining 30% as minority interest. We're only responsible for losses up to our invested value. We recently wrote off our investment value. How would we account for any losses the fund shows beyond our investment value?

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Answer 4

this is a question for your accountant, particular to your personal circumstances. No one on this forum can answer this intelligently, they don't know anything about your business. Call an accountant.